Bright Hlth Co of SC Inc

Minneapolis, MN

Rating Date

June 2024

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

2.69

Risk Adjusted
Capital Ratio #2

2.24

Total
Assets

72.86M

Capital

23.66M

Health
Premiums

59.71M

Net
Income

14.68M

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Weiss Ratings	Bright Hlth Co of SC Inc Minneapolis, MN	Click to Compare	Click to Compare	Click to Compare
Rating	E
Capitalization Index	8.66
Investment Safety Index	4.86
Liquidity Index	7.67
Profitability Index	0.90
Reserve Adequacy Index	--
Stability Index	0.75

Company Info	Bright Hlth Co of SC Inc Minneapolis, MN	Click to Compare	Click to Compare	Click to Compare
Industry	Health
NAIC Number	16544
Phone Number	(612) 238-1321
Website	--
Address	8000 Norman Center Drive Minneapolis, MN 55437

Balance Sheet	Bright Hlth Co of SC Inc Minneapolis, MN	Click to Compare	Click to Compare	Click to Compare
Total Assets	72.86M

Capital and Reserves	Bright Hlth Co of SC Inc Minneapolis, MN	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	2.69
Risk-Adjusted Capital Ratio #2	2.24
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	23.66M
Premium to Surplus	--
Reserves to Surplus	--

Investments	Bright Hlth Co of SC Inc Minneapolis, MN	Click to Compare	Click to Compare	Click to Compare
Cash	--
CMO & Structured Securities	--
Common & Preferred Stock	--
Invested Assets	--
Investments in Affiliates	--
Mortgages in Good Standing	--
Non-Investment Grade Bonds	--
Non-Performing Mortgages	--
Other Investment Grade Bonds	--
Other Investments	--
Real Estate	--

Operating Ratios	Bright Hlth Co of SC Inc Minneapolis, MN	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	94.37%
Cash From Underwriting	--
Combined Ratio	--
Expense Ratio	--
Loss Ratio	--
Net Premium Growth	--

Other Medical	Bright Hlth Co of SC Inc Minneapolis, MN	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	49.36K
Capitation Pay	148.00
Contractual Pay	0.00
Enrollment	16.38K
Fee For Service	0.00
Medical Expense Per Member Per Month	$334.00
Network Physicians	37.75K
Other Pay	--
Salary Pay	0.00
Total Patient Encounters - Physician	33.48K
Total Patient Encounters-Non-Physician	9.79K

Profitability	Bright Hlth Co of SC Inc Minneapolis, MN	Click to Compare	Click to Compare	Click to Compare
Net Income	14.68M
Net Premium	59.71M
Health Premium	59.71M