C
Medco Containment Life Ins Co
Rating Date
September 2023
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: Fair overall results on stability tests (3.3 on a scale of 0 to 10) based on inconsistent enrollment growth in the past five years due to declines in 2019 and 2020. Rating is significantly influenced by the strong financial results of The Cigna Group. Good overall profitability index (6.8) with operating gains in each of the last five years. Excellent overall capitalization (9.7) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (8.5) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: All states except NY, also licensed in PR
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
619
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
0
Salary
0
Bonus
0
Other
--
Member Physicians
0
Enrollment
Total Patient Encounters
Physician
0
Non-Physician
0
Corporate Info
Group Affiliation
The Cigna Group
Investment Rating
CI
Company Address
One Express Way
Saint Louis, MO 63121
Phone Number
(800) 332-5455
NAIC Number
63762
Largest Affiliates
B
Nashville, TN - Health
B
Nashville, TN - Health
C
Phoenix, AZ - Health
C
Nashville, TN - Health
C
Bloomfield, CT - Health
Weiss Ratings