D
Carefirst Advantage DSNP Inc
Rating Date
January 2026
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: Weak profitability index (0.9 on a scale of 0 to 10) with 45.1 million in losses in the last three years. Fair overall results on stability tests (4.7) based on weak risk-adjusted capital in prior years. Rating is significantly influenced by the strong financial results of CareFirst Inc. Excellent capitalization (7.0) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2020.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: MD
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CareFirst Inc
Investment Rating
--
Company Address
10455 Mill Run Circle
Owings Mills, MD 21117
Phone Number
(410) 581-3000
NAIC Number
15528
Largest Affiliates
A
Owings Mills, MD - Health
B
Owings Mills, MD - Health
B
Owings Mills, MD - Health
B
Owings Mills, MD - Health
B
Owings Mills, MD - Health