D
CareFirst Advantage Inc
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: Weak profitability index (0.0 on a scale of 0 to 10) with 0.0 million in losses in the last two years. Weak capitalization index (2.0) based on weak current risk-adjusted capital (severe loss scenario). Weak quality investment portfolio (0.0) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Other Rating Factors: Weak overall results on stability tests (1.0) based on a steep decline in capital during 2021. Rating is significantly influenced by the strong financial results of CareFirst Inc. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: DC, MD
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
841
Provider Compensation ($000)
Capitation Pay
59
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CareFirst Inc
Investment Rating
--
Company Address
10455 Mill Run Circle
Owings Mills, MD 21117
Phone Number
(410) 581-3000
NAIC Number
16724
Largest Affiliates
A
Owings Mills, MD - Health
B
Owings Mills, MD - Health
C
Owings Mills, MD - Health
D
Owings Mills, MD - Health
C
Owings Mills, MD - Health
Weiss Ratings