C
Good Samaritan Ins Plan of NE
Rating Date
April 2025
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: Fair profitability index (3.3 on a scale of 0 to 10) with operating losses during 2018, 2019 and 2022. Fair overall results on stability tests (4.0) based on rapid premium growth over the last five years, a decline in the number of member physicians during 2022. Rating is significantly influenced by the acceptable financial results of Sanford. Excellent capitalization (7.6) based on excellent current risk-adjusted capital (severe loss scenario). However, capital levels have fluctuated somewhat during past years.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: NE
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
511
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Sanford
Investment Rating
--
Company Address
4800 W. 57th St.
Sioux Falls, SD 57108
Phone Number
(605) 328-6868
NAIC Number
16151
Largest Affiliates
B
Marshfield, WI - Health
C
Sioux Falls, SD - Health
C
Sioux Falls, SD - Health