D
HealthPartners UnityPoint Hlth
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: Weak profitability index (0.9 on a scale of 0 to 10) with 28.6 million in losses in the last five years. Average return on equity has been poor at -53.3%. Weak quality investment portfolio (1.0) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent capitalization (6.9) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021.
Other Rating Factors: Good overall results on stability tests (4.9) based on rapid enrollment growth during the past five years. Rating is significantly influenced by the acceptable financial results of HealthPartners UnityPoint Health Inc. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: IA, IL
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
0
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
HealthPartners UnityPoint Health Inc
Investment Rating
--
Company Address
3737 Woodland Avenue
West Des Moines, IA 50266
Phone Number
(515) 695-3801
NAIC Number
15888
Largest Affiliates
C
Bloomington, MN - Health
E
Minneapolis, MN - Health
C
Minneapolis, MN - Health