Major Rating Factors:
Weak quality investment portfolio (0.0 on a scale of 0 to 10) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Weak overall results on stability tests (2.6) based on an inordinate decline in premium revenue in 2023, a significant -34% decrease in enrollment during the period. Rating is significantly influenced by the acceptable financial results of Ascension Health Alliance. Fair profitability index (4.2) with operating losses during 2020 and 2022.
Other Rating Factors:
Excellent overall capitalization (7.9) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
OK
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
Ascension Health Alliance
Investment Rating
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Company Address
Two West Second Street
Tulsa, OK 74103
Tulsa, OK 74103
Phone Number
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NAIC Number
89008
Website
Largest Affiliates