Major Rating Factors:
Fair overall results on stability tests (4.8 on a scale of 0 to 10) in spite of healthy premium and capital growth during 2023. Rating is significantly influenced by the strong financial results of CuraCor Solutions Corp. Good liquidity (4.9) as cash resources may not be adequate to cover a spike in claims. Excellent capitalization index (9.2) based on excellent current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years.
Other Rating Factors:
Weak profitability index (0.9) with 10.3 million in losses in the last four years. Weak quality investment portfolio (0.0) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business:
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Licensed in:
NC
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
CuraCor Solutions Corp
Investment Rating
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Company Address
4613 University Drive
Durham, NC 27707
Durham, NC 27707
Phone Number
(919) 489-7431
NAIC Number
15999
Website
Largest Affiliates