Local Development
E
Bright Hlth Ins Co TN
Rating Date
September 2023
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
1.02
Risk Adjusted
Capital Ratio #2
0.85
Total
Assets
186.01M
Capital
26.62M
Health
Premiums
229.71M
Net
Income
-6.89M
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Weiss Ratings
Bright Hlth Ins Co TN
Minneapolis, MN
Low
Bright Hlth Ins Co TN
Industry Average
High
Capitalization Index
5.60
0.00
10.00
Investment Safety Index
9.90
0.00
9.90
Liquidity Index
7.13
0.00
10.00
Profitability Index
0.90
0.00
10.00
Stability Index
1.52
< 0.00
8.74
Balance Sheet
Bright Hlth Ins Co TN
Minneapolis, MN
Low
Bright Hlth Ins Co TN
Industry Average
High
Total Assets
186.01M
< 186.01M
> 5.19B
Capital and Reserves
Bright Hlth Ins Co TN
Minneapolis, MN
Low
Bright Hlth Ins Co TN
Industry Average
High
Capital
26.62M
< 26.62M
> 894.03M
Risk-Adjusted Capital Ratio #1
1.02
< 0.00
> 20.00
Risk-Adjusted Capital Ratio #2
0.85
< 0.00
> 20.00
Operating Ratios
Bright Hlth Ins Co TN
Minneapolis, MN
Low
Bright Hlth Ins Co TN
Industry Average
High
Medical Loss Ratio
90.98%
< -960.00%
> 100.00%
Other Medical
Bright Hlth Ins Co TN
Minneapolis, MN
Low
Bright Hlth Ins Co TN
Industry Average
High
Bonus Pay
187.49M
< 44.88M
> 187.50M
Capitation Pay
420.00K
< 420.00K
> 244.45M
Contractual Pay
0.00
0.00
> 1.28B
Enrollment
56.73K
< 56.73K
> 416.88K
Fee For Service
0.00
< 0.00
> 204.97M
Medical Expense Per Member Per Month
335.00
< -31,760.00
> 340.00
Network Physicians
49.65K
< 24.01K
> 96.07K
Other Pay
--
0.00
2.45B
Salary Pay
0.00
0.00
> 24.83M
Total Patient Encounters - Physician
123.76K
< 123.76K
> 2.95M
Total Patient Encounters - Non-Physician
52.74K
< 52.73K
> 2.12M
Profitability
Bright Hlth Ins Co TN
Minneapolis, MN
Low
Bright Hlth Ins Co TN
Industry Average
High
Health Premium
229.71M
< 229.71M
> 1.57B
Net Income
-6.89M
< -6.89M
> 41.05M
Weiss Ratings