Major Rating Factors:
Fair profitability index (4.7 on a scale of 0 to 10) due to a decline in earnings during 2022. Fair overall results on stability tests (4.8) based on rapid premium growth over the last five years, rapid enrollment growth during the past five years. Rating is significantly influenced by the acceptable financial results of Quartz Health Plan Corporation. Weak quality investment portfolio (0.5) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Other Rating Factors:
Excellent capitalization (7.4) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
MN
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Quartz Health Plan Corporation
Investment Rating
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Company Address
2650 Novation Parkway
Madison, WI 53713
Madison, WI 53713
Phone Number
(608) 643-2491
NAIC Number
14202
Website
Largest Affiliates