LifeWorks Advantage LLC
Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10) based on a significant -25% decrease in enrollment during the period, fair risk diversification due to the company's size. Excellent profitability (9.2) despite a decline in earnings during 2023. Excellent capitalization (7.7) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2020.
Other Rating Factors:
Excellent quality investment portfolio (9.4) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
VA
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
New Enterprise Associates Inc
Investment Rating
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Company Address
10900 Nuckols Road
Glen Allen, VA 23060
Glen Allen, VA 23060
Phone Number
(804) 396-6412
NAIC Number
15959
Largest Affiliates