C
AmeriHealth Caritas LA Inc
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Weak profitability index (2.5 on a scale of 0 to 10) with operating losses during 2019 and 2020. Good overall results on stability tests (6.0) despite excessive capital growth during 2021. Rating is significantly influenced by the strong financial results of Independence Health Group Inc. Excellent capitalization (7.5) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: LA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
588
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Independence Health Group Inc
Investment Rating
--
Company Address
200 Stevens Drive
Philadelphia, PA 19113
Phone Number
(215) 937-8000
NAIC Number
14143
Largest Affiliates
B
Philadelphia, PA - Health
B
Philadelphia, PA - Health
B
Philadelphia, PA - Health
U
Cranbury, NJ - Health
B
North Charleston, SC - Health
Weiss Ratings