B
CareSource West Virginia Co
DaytonOH
Rating Date
June 2024
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: Good capitalization (6.1 on a scale of 0 to 10) based on fair current risk-adjusted capital (severe loss scenario) reflecting some improvement over results in 2021. Fair profitability index (3.7) with operating losses during 2018 and 2020. Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Other Rating Factors: Excellent overall results on stability tests (7.5) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the excellent financial results of CareSource. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: WV
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
659
Provider Compensation ($000)
Capitation Pay
225
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CareSource
Investment Rating
--
Company Address
230 North Main Street
Dayton, OH 45402
Phone Number
(937) 531-3300
NAIC Number
15728
Website
--
Largest Affiliates
A
Dayton, OH - Health
B
Dayton, OH - Health
B
Atlanta, GA - Health
B
Dayton, OH - Health
U
Dayton, OH - Health
Weiss Ratings