PacifiCare Life Assurance Co
Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) based on a decline in the number of member physicians during 2022, a significant -100% decrease in enrollment during the period. Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated. Weak profitability index (1.9) with operating losses during 2018, 2020 and 2021. Average return on equity over the last five years has been poor at -25.1%. Weak quality investment portfolio (0.5) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Other Rating Factors:
Excellent capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. Excellent liquidity (10.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
AZ, CA, CO, MN, ND, NM, NV, OK, OR, TX, UT, WA
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
UnitedHealth Group Incorporated
Investment Rating
Company Address
9800 Health Care Lane
Minnetonka, MN 55343
Minnetonka, MN 55343
Phone Number
(952) 979-6158
NAIC Number
84506
Website
Largest Affiliates