C
Medco Containment Life Ins Co
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: Fair quality investment portfolio (4.7 on a scale of 0 to 10) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Fair overall results on stability tests (3.5) based on a significant -84% decrease in enrollment during the period. Rating is significantly influenced by the strong financial results of The Cigna Group. Excellent profitability (7.5) with operating gains in each of the last five years.
Other Rating Factors: Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (9.8) 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 ($)
140
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
C
Bloomfield, CT - Health
B
Nashville, TN - Health
C
Phoenix, AZ - Health
D
Nashville, TN - Health
Weiss Ratings