Independent Health Bnfts Corp

Buffalo, NY

Rating Date

April 2025

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

0.94

Risk Adjusted
Capital Ratio #2

0.78

Total
Assets

324.08M

Capital

56.23M

Health
Premiums

546.98M

Net
Income

-33.24M

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Weiss Ratings	Independent Health Bnfts Corp Buffalo, NY	Click to Compare	Click to Compare	Click to Compare
Rating	C
Capitalization Index	5.04
Investment Safety Index	9.22
Liquidity Index	7.26
Profitability Index	0.80
Reserve Adequacy Index	--
Stability Index	1.48

Company Info	Independent Health Bnfts Corp Buffalo, NY	Click to Compare	Click to Compare	Click to Compare
Industry	Health
NAIC Number	47034
Phone Number	(716) 631-3001
Website	www.independenthealth.com
Address	511 Farber Lakes Drive Buffalo, NY 14221

Balance Sheet	Independent Health Bnfts Corp Buffalo, NY	Click to Compare	Click to Compare	Click to Compare
Total Assets	324.08M

Capital and Reserves	Independent Health Bnfts Corp Buffalo, NY	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	0.94
Risk-Adjusted Capital Ratio #2	0.78
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	56.23M
Premium to Surplus	--
Reserves to Surplus	--

Investments	Independent Health Bnfts Corp Buffalo, NY	Click to Compare	Click to Compare	Click to Compare
Cash	--
CMO & Structured Securities	--
Common & Preferred Stock	--
Invested Assets	--
Investments in Affiliates	--
Mortgages in Good Standing	--
Non-Investment Grade Bonds	--
Non-Performing Mortgages	--
Other Investment Grade Bonds	--
Other Investments	--
Real Estate	--

Operating Ratios	Independent Health Bnfts Corp Buffalo, NY	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	93.45%
Cash From Underwriting	--
Combined Ratio	--
Expense Ratio	--
Loss Ratio	--
Net Premium Growth	--

Other Medical	Independent Health Bnfts Corp Buffalo, NY	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	0.00
Capitation Pay	11.01K
Contractual Pay	0.00
Enrollment	98.87K
Fee For Service	488.94K
Medical Expense Per Member Per Month	$1,745.00
Network Physicians	4.46K
Other Pay	--
Salary Pay	0.00
Total Patient Encounters - Physician	1.49M
Total Patient Encounters-Non-Physician	3.41M

Profitability	Independent Health Bnfts Corp Buffalo, NY	Click to Compare	Click to Compare	Click to Compare
Net Income	-33.24M
Net Premium	546.98M
Health Premium	546.98M