D
Perennial Advantage of CO Inc
Rating Date
January 2026
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 (0.8 on a scale of 0 to 10) with modest operating losses during 2020, 2021 and 2023. Fair overall results on stability tests (3.1). Potential support from affiliation with Perennial Advantage of Colorado Intermediate LLC. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent capitalization index (7.6) 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. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: CO
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
191
Fee For Service
0
Contractual Pay
898
Salary
0
Bonus
13
Other
--
Member Physicians
Enrollment
88
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Perennial Advantage of Colorado Intermediate LLC
Investment Rating
--
Company Address
10900 Nuckols Road
Glen Allen, VA 23060
Phone Number
(804) 396-6412
NAIC Number
16784
Largest Affiliates
C
Glen Allen, VA - Health