C
ConnectiCare Benefits Inc
Rating Date
April 2025
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
0.92
Risk Adjusted
Capital Ratio #2
0.77
Total
Assets
203.77M
Capital
60.20M
Health
Premiums
597.71M
Net
Income
3.54M
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Weiss Ratings ConnectiCare Benefits Inc
Farmington, CT 		Click to
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Rating C
Capitalization Index 4.96
Investment Safety Index 5.50
Liquidity Index 6.82
Profitability Index 1.78
Reserve Adequacy Index --
Stability Index 5.50
Company Info ConnectiCare Benefits Inc
Farmington, CT 		Click to
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Industry Health
NAIC Number 14913
Phone Number (860) 674-5700
Website www.connecticare.com
Address 175 Scott Swamp Road Farmington, CT 06032
Balance Sheet ConnectiCare Benefits Inc
Farmington, CT 		Click to
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Total Assets 203.77M
Capital and Reserves ConnectiCare Benefits Inc
Farmington, CT 		Click to
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Risk-Adjusted Capital Ratio #1 0.92
Risk-Adjusted Capital Ratio #2 0.77
1-Year Reserve Development --
2-Year Reserve Development --
Capital 60.20M
Premium to Surplus --
Reserves to Surplus --
Investments ConnectiCare Benefits Inc
Farmington, CT 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios ConnectiCare Benefits Inc
Farmington, CT 		Click to
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Medical Loss Ratio 89.73%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical ConnectiCare Benefits Inc
Farmington, CT 		Click to
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Bonus Pay 0.00
Capitation Pay 14.61K
Contractual Pay 423.26K
Enrollment 66.58K
Fee For Service 121.38K
Medical Expense Per Member Per Month $2,701.00
Network Physicians 95.66K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 368.30K
Total Patient Encounters-Non-Physician 510.53K
Profitability ConnectiCare Benefits Inc
Farmington, CT 		Click to
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Net Income 3.54M
Net Premium 597.71M
Health Premium 597.71M