E
Bright Health Ins Co of FL
Rating Date
June 2024
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: Weak profitability index (0.0 on a scale of 0 to 10) with 619.9 million in losses in the last three years. Weak capitalization index (0.0) based on weak current risk-adjusted capital (severe loss scenario). Weak overall results on stability tests (0.0) based on a significant -19% decrease in enrollment during the period. Potentially strong support from affiliation with NeueHealth Inc.
Other Rating Factors: Weak liquidity (0.1) as a spike in claims may stretch capacity. Excellent quality investment portfolio (9.2).
Principal Lines of Business: --
Licensed in: FL
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
113
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
0
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
NeueHealth Inc
Investment Rating
Company Address
8000 Norman Center Drive
Minneapolis, MN 55437
Phone Number
(612) 238-1321
NAIC Number
16501
Largest Affiliates
E
Minneapolis, MN - Health
E
Minneapolis, MN - Health
E
Minneapolis, MN - Health
E
Minneapolis, MN - Health
E
Minneapolis, MN - Health
Weiss Ratings