Healthier New Jersey Ins Co

Newark, NJ

Rating Date

April 2025

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

1.13

Risk Adjusted
Capital Ratio #2

0.94

Total
Assets

125.98M

Capital

46.17M

Health
Premiums

315.40M

Net
Income

-94.79M

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Weiss Ratings	Healthier New Jersey Ins Co Newark, NJ	Click to Compare	Click to Compare	Click to Compare
Rating	D
Capitalization Index	6.32
Investment Safety Index	4.24
Liquidity Index	1.39
Profitability Index	0.90
Reserve Adequacy Index	--
Stability Index	7.45

Company Info	Healthier New Jersey Ins Co Newark, NJ	Click to Compare	Click to Compare	Click to Compare
Industry	Health
NAIC Number	16714
Phone Number	(973) 466-5607
Website	www.bravenhealth.com
Address	Three Penn Plaza, East Newark, NJ 07105

Balance Sheet	Healthier New Jersey Ins Co Newark, NJ	Click to Compare	Click to Compare	Click to Compare
Total Assets	125.98M

Capital and Reserves	Healthier New Jersey Ins Co Newark, NJ	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	1.13
Risk-Adjusted Capital Ratio #2	0.94
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	46.17M
Premium to Surplus	--
Reserves to Surplus	--

Investments	Healthier New Jersey Ins Co Newark, NJ	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	Healthier New Jersey Ins Co Newark, NJ	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	107.05%
Cash From Underwriting	--
Combined Ratio	--
Expense Ratio	--
Loss Ratio	--
Net Premium Growth	--

Other Medical	Healthier New Jersey Ins Co Newark, NJ	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	--
Capitation Pay	--
Contractual Pay	--
Enrollment	27.94K
Fee For Service	--
Medical Expense Per Member Per Month	$1,037.00
Network Physicians	94.09K
Other Pay	--
Salary Pay	--
Total Patient Encounters - Physician	--
Total Patient Encounters-Non-Physician	--

Profitability	Healthier New Jersey Ins Co Newark, NJ	Click to Compare	Click to Compare	Click to Compare
Net Income	-94.79M
Net Premium	315.40M
Health Premium	315.40M