Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2021 and 2022. Weak quality investment portfolio (0.5) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Fair overall results on stability tests (4.6) in spite of healthy premium and capital growth during 2023 but fair risk diversification due to the company's size.
Other Rating Factors:
Excellent capitalization index (9.8) based on excellent current risk-adjusted capital (severe loss scenario). Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
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 ($)
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
Fordham Holdings Inc
Investment Rating
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Company Address
4601 NW 77th Avenue
Miami, FL 33166
Miami, FL 33166
Phone Number
(305) 262-1292
NAIC Number
16982
Website
Largest Affiliates