C
Vantage Health Plan (16576)
MonroeLA
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Good capitalization index (5.3 on a scale of 0 to 10) based on fair current risk-adjusted capital (severe loss scenario). Good overall results on stability tests (5.6) based on healthy premium and capital growth during 2021. Rating is significantly influenced by the strong financial results of Louisiana Health Service and Indemnity Co. Weak profitability index (1.5) with modest operating losses during 2019 and 2021.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: AR
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
745
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
661
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Louisiana Health Service and Indemnity Co
Investment Rating
--
Company Address
130 DeSiard Street
Monroe, LA 71201
Phone Number
(318) 361-0900
NAIC Number
16576
Largest Affiliates
B
Baton Rouge, LA - Health
A
Baton Rouge, LA - Health
C
Monroe, LA - Health
C
Monroe, LA - Health
Weiss Ratings