Major Rating Factors:
Weak profitability index (2.5 on a scale of 0 to 10) with operating losses during 2018, 2019 and 2020. Average return on equity over the last five years has been poor at -17.8%. Weak quality investment portfolio (1.9). Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization index (7.8) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years. Excellent overall results on stability tests (7.2) based on healthy premium and capital growth during 2021. Rating is significantly influenced by the acceptable financial results of Molina Healthcare Inc.
Principal Lines of Business:
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Licensed in:
AZ
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
Molina Healthcare Inc
Investment Rating
Company Address
5055 East Washington Street
Phoenix, AZ 85034
Phoenix, AZ 85034
Phone Number
(602) 830-0067
NAIC Number
14641
Largest Affiliates
