Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with 94.1 million in losses in the last four years. Average return on equity over the last five years has been extremely poor. Weak quality investment portfolio (0.8) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Good overall results on stability tests (6.5) based on healthy premium and capital growth during 2022.
Other Rating Factors:
Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization index (7.2) 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.
Principal Lines of Business:
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Licensed in:
TX
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
16487
Website
Largest Affiliates