Clear Spring Health (VA) Inc
Major Rating Factors:
Weak profitability index (0.0 on a scale of 0 to 10) with 14.2 million in losses in the last five years. Average return on equity has been poor at -64.9%. Weak quality investment portfolio (2.3) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Weak overall results on stability tests (0.5) based on a significant -15% decrease in enrollment during the period, a decline in the number of member physicians during 2023 and a steep decline in capital during 2023. Rating is significantly influenced by the acceptable financial results of DLICM LLC.
Other Rating Factors:
Weak liquidity (1.1) as a spike in claims may stretch capacity. Excellent capitalization index (9.7) based on excellent 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:
--
Licensed in:
VA
Principal Enrollment Breakdown:
--
Corporate Info
Group Affiliation
DLICM LLC
Investment Rating
--
Company Address
250 South Northwest Highway
Park Ridge, IL 60068
Park Ridge, IL 60068
Phone Number
(224) 332-2395
NAIC Number
16534
Website
Largest Affiliates