Development
E
Bright Hlth Ins Co TN
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: Weak profitability index (0.9 on a scale of 0 to 10) with 40.7 million in losses in the last five years. Average return on equity has been poor at -68.3%. Good capitalization index (5.6) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Other Rating Factors: Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: TN
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
420
Fee For Service
0
Contractual Pay
0
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
13
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
NeueHealth Inc
Investment Rating
Company Address
8000 Norman Center Drive
Minneapolis, MN 55437
Phone Number
(612) 238-1321
NAIC Number
16341
Largest Affiliates
E
Minneapolis, MN - Health
E
Minneapolis, MN - Health
E
Minneapolis, MN - Health
E
Minneapolis, MN - Health
E
Minneapolis, MN - Health