C
Health Alliance Connect Inc
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Fair overall results on stability tests (4.5 on a scale of 0 to 10) in spite of steady enrollment growth, averaging 8% over the past five years, healthy premium and capital growth during 2022 but good risk-adjusted capital in prior years. Weak profitability index (1.8) with 7.5 million in losses in the last two years. Good capitalization index (6.6) based on fair current risk-adjusted capital (severe loss scenario).
Other Rating Factors: Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent quality investment portfolio (9.4) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: IA, IL, IN, OH
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Carle Foundation
Investment Rating
--
Company Address
3310 Fields South Drive
Champaign, IL 61822
Phone Number
(800) 851-3379
NAIC Number
15478
Largest Affiliates
C
Champaign, IL - Health
C
Champaign, IL - Health
C
Champaign, IL - Health
C
Champaign, IL - Health