Medco Containment Ins Co of NY
Major Rating Factors:
Weak profitability index (1.2 on a scale of 0 to 10) with operating losses during 2019, 2020 and 2021. Average return on equity over the last five years has been poor at -7.5%. Fair overall results on stability tests (2.9) based on a significant -91% decrease in enrollment during the period, a steep decline in premium revenue in 2022 and excessive capital growth during 2022. Rating is significantly influenced by the strong financial results of The Cigna Group. Good quality investment portfolio (6.3) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Other Rating Factors:
Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (9.7) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
NY
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
The Cigna Group
Investment Rating
Company Address
One Express Way
Saint Louis, MO 63121
Saint Louis, MO 63121
Phone Number
(800) 332-5455
NAIC Number
34720
Website
Largest Affiliates