Major Rating Factors:
Excellent capitalization index (6.9 on a scale of 0 to 10) 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. Weak profitability index (0.9) with operating losses during 2019, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -17.0%. Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Other Rating Factors:
Excellent overall results on stability tests (7.2) based on healthy premium and capital growth during 2023. Rating is significantly influenced by the strong financial results of Louisiana Health Service & Indemnity Co. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
AR
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
Louisiana Health Service & Indemnity Co
Investment Rating
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Company Address
130 DeSiard Street
Monroe, LA 71201
Monroe, LA 71201
Phone Number
(318) 361-0900
NAIC Number
16576
Website
Largest Affiliates