Bright Health Co of Arizona
Major Rating Factors:
Weak profitability index (0.8 on a scale of 0 to 10) with 69.3 million in losses in the last four years. Average return on equity over the last five years has been extremely poor. Weak overall results on stability tests (2.7) based on a steep decline in premium revenue in 2021, a significant -46% decrease in enrollment during the period. Rating is significantly influenced by the weak financial results of Bright Health Group Inc. Excellent capitalization index (8.7) based on good 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:
Excellent quality investment portfolio (9.7) containing small junk bond exposure. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business:
--
Licensed in:
AZ
Principal Enrollment Breakdown:
--
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Bright Health Group Inc
Investment Rating
--
Company Address
8000 Norman Center Drive
Minneapolis, MN 55437
Minneapolis, MN 55437
Phone Number
(612) 238-1321
NAIC Number
16122
Website
Largest Affiliates
