D
Clear Spring Health (CO) Inc
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Weak profitability index (0.0 on a scale of 0 to 10) with operating losses during 2019, 2020, 2021 and 2022. Weak overall results on stability tests (1.8) based on an excessive 74% enrollment growth during the period. Rating is significantly influenced by the acceptable financial results of DLICM LLC. Weak liquidity (2.7) as a spike in claims may stretch capacity.
Other Rating Factors: Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario). Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business: --
Licensed in: CO
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
926
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
272
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
415
Total Patient Encounters
Physician
Non-Physician
917
Corporate Info
Group Affiliation
DLICM LLC
Investment Rating
--
Company Address
250 South Northwest Highway
Park Ridge, IL 60068
Phone Number
(224) 985-5593
NAIC Number
16536
Largest Affiliates
C
Park Ridge, IL - Health
E
Park Ridge, IL - Health
D
Park Ridge, IL - Health
D
Park Ridge, IL - Health
C
Park Ridge, IL - Health