Clear Spring Hlth Cmnty Care
Major Rating Factors:
Weak profitability index (0.0 on a scale of 0 to 10) with 43.7 million in losses in the last three years. Average return on equity over the last five years has been extremely poor. Weak overall results on stability tests (1.4) based on an inordinate decline in premium revenue in 2023, fair risk-adjusted capital in prior years and a decline in the number of member physicians during 2023. Rating is significantly influenced by the acceptable financial results of DLICM LLC. Weak liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors:
Excellent capitalization (7.5) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2022. Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business:
--
Licensed in:
IL
Principal Enrollment Breakdown:
--
Corporate Info
Group Affiliation
DLICM LLC
Investment Rating
--
Company Address
250 South Northwest Highway
Park Ridge, IL 60068
Park Ridge, IL 60068
Phone Number
(224) 332-2395
NAIC Number
15209
Website
Largest Affiliates