D
Provider Ptnrs Hlth Plan of TX
Rating Date
April 2025
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 (0.9 on a scale of 0 to 10) with operating losses during 2021 and 2022. Fair overall results on stability tests (4.7) in spite of healthy premium and capital growth during 2022 but fair risk diversification due to the company's size. Good overall capitalization (5.4) 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 (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: TX
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
0
Salary
0
Bonus
Other
--
Member Physicians
0
Enrollment
Total Patient Encounters
Physician
0
Non-Physician
0
Corporate Info
Group Affiliation
Pphp-Tx Holdco LLC
Investment Rating
--
Company Address
785 Elkridge Landing Road
Linthicum Heights, MD 21090
Phone Number
(469) 254-5466
NAIC Number
17005
Largest Affiliates
D
Linthicum Heights, MD - Health
D
Linthicum Heights, MD - Health
D
Linthicum Heights, MD - Health
D
Linthicum Heights, MD - Health