ConnectiCare Benefits Inc
Major Rating Factors:
Weak profitability index (2.7 on a scale of 0 to 10) with operating losses during 2021. Good capitalization (6.2) based on good current risk-adjusted capital (severe loss scenario) reflecting some improvement over results in 2021. Good quality investment portfolio (5.5) containing significant exposure to junk bonds.
Other Rating Factors:
Good overall results on stability tests (5.8) despite fair risk-adjusted capital in prior years. Rating is significantly influenced by the weak financial results of EmblemHealth Inc. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
CT
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
EmblemHealth Inc
Investment Rating
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Company Address
175 Scott Swamp Road
Farmington, CT 06032
Farmington, CT 06032
Phone Number
(562) 435-3666
NAIC Number
14913
Website
Largest Affiliates