Clear Spring Health (CO) Inc
Major Rating Factors:
Weak profitability index (0.5 on a scale of 0 to 10) with 10.9 million in losses in the last five years. Average return on equity has been poor at -46.0%. Fair overall results on stability tests (4.3) based on inconsistent enrollment growth in the past five years due to declines in 2021 and 2023, a decline in the number of member physicians during 2023. Rating is significantly influenced by the acceptable financial results of DLICM LLC. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization index (10.0) 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. Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business:
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Licensed in:
CO
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
DLICM LLC
Investment Rating
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Company Address
250 South Northwest Highway
Park Ridge, IL 60068
Park Ridge, IL 60068
Phone Number
(224) 332-2395
NAIC Number
16536
Website
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