Major Rating Factors:
Weak profitability index (0.0 on a scale of 0 to 10) with 22.5 million in losses in the last three years. Weak quality investment portfolio (0.0) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Fair overall results on stability tests (3.4) in spite of healthy premium and capital growth during 2022 but an excessive 106% enrollment growth during the period.
Other Rating Factors:
Good capitalization index (6.4) based on fair current risk-adjusted capital (severe loss scenario). Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
FL
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
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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
Prominence Florida Holdings LLC
Investment Rating
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Company Address
1510 Meadow Wood Lane
Reno, NV 89502
Reno, NV 89502
Phone Number
(775) 770-9300
NAIC Number
16734
Largest Affiliates