Major Rating Factors:
Weak overall results on stability tests (1.6 on a scale of 0 to 10) based on a decline in the number of member physicians during 2023, a steep decline in premium revenue in 2023. Weak liquidity (2.1) as a spike in claims may stretch capacity. Fair profitability index (3.2) with operating losses during 2019, 2020 and 2021. Average return on equity over the last five years has been poor at -37.9%.
Other Rating Factors:
Excellent capitalization index (7.2) 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 (9.3) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
IL
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
A & A Joint Venture LLC
Investment Rating
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Company Address
8820 Columbia 100 Parkway
Columbia, MD 21045
Columbia, MD 21045
Phone Number
(443) 275-9800
NAIC Number
16564
Website
Largest Affiliates