D
Carefirst Advantage DSNP Inc
Rating Date
September 2023
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 operating losses during 2017, 2018, 2019 and 2021. Weak quality investment portfolio (0.0) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Weak overall results on stability tests (2.5) based on excessive capital growth during 2021. Rating is significantly influenced by the strong financial results of CareFirst Inc.
Other Rating Factors: Good capitalization index (4.9) based on fair current risk-adjusted capital (severe loss scenario) as results have slipped from the excellent range over the last year. 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
C
Owings Mills, MD - Health
C
Owings Mills, MD - Health
D
Owings Mills, MD - Health
Weiss Ratings