Major Rating Factors:
Weak profitability index (0.2 on a scale of 0 to 10) with 34.8 million in losses in the last three years. Weak overall results on stability tests (2.1) in spite of healthy premium and capital growth during 2023 but an excessive 2,371% enrollment growth during the period. Fair liquidity (3.4) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Excellent capitalization (7.0) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2022. Excellent quality investment portfolio (9.6) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business:
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Licensed in:
MA
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
Eternal Health of Delaware Inc
Investment Rating
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Company Address
31 Saint James Avenue
Boston, MA 02116
Boston, MA 02116
Phone Number
(617) 665-7430
NAIC Number
17018
Website
Largest Affiliates