A
Grp Hospitalization & Med Svcs
Rating Date
June 2024
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: Excellent capitalization index (10.0 on a scale of 0 to 10) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall profitability index (6.9) with operating gains in each of the last five years.
Other Rating Factors: Good overall results on stability tests (6.5) based on consistent premium and capital growth in the last five years. Fair quality investment portfolio (4.3).
Principal Lines of Business: --
Licensed in: DC, MD, VA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
470
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
0
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CareFirst Inc
Investment Rating
--
Company Address
10455 Mill Run Circle
Owings Mills, MD 21117
Phone Number
(410) 581-3000
NAIC Number
53007
Largest Affiliates
B
Owings Mills, MD - Health
C
Owings Mills, MD - Health
D
Owings Mills, MD - Health
B
Owings Mills, MD - Health
D
Owings Mills, MD - Health
Weiss Ratings