B
AmeriHealth Caritas LA Inc
Rating Date
June 2024
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: Fair profitability index (3.5 on a scale of 0 to 10) due to a decline in earnings during 2022. Good overall results on stability tests (6.3). Rating is significantly influenced by the strong financial results of Independence Health Group Inc. Excellent capitalization (7.4) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020.
Other Rating Factors: Excellent quality investment portfolio (9.7) containing small junk bond exposure. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: LA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
511
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
67
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
C
Cranbury, NJ - Health
B
North Charleston, SC - Health