Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 144.8 million in losses in the last five years. Average return on equity has been extremely poor. Weak quality investment portfolio (0.0) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Weak overall results on stability tests (2.8) based on excessive premium growth during 2023, rapid enrollment growth during the past five years.
Other Rating Factors:
Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization (7.3) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2019.
Principal Lines of Business:
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Licensed in:
FL
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
Devoted Health Inc
Investment Rating
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Company Address
221 Crescent Street
Waltham, MA 02453
Waltham, MA 02453
Phone Number
(617) 958-1611
NAIC Number
16358
Website
Largest Affiliates