Perennial Advantage of CO Inc
Major Rating Factors:
Weak profitability index (1.4 on a scale of 0 to 10) with operating losses during 2020 and 2021. Weak overall results on stability tests (2.8) based on an excessive 170% enrollment growth during the period. Potential support from affiliation with Perennial Advantage of Colorado Intermediate LLC. Excellent capitalization index (7.8) based on good current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
CO
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
Perennial Advantage of Colorado Intermediate LLC
Investment Rating
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Company Address
10900 Nuckols Road
Glen Allen, VA 23060
Glen Allen, VA 23060
Phone Number
(804) 396-6412
NAIC Number
16784
Website
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Largest Affiliates