Local Development
C
Primewell Hlth Svcs of AR Inc
MonroeLA
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: Good capitalization index (5.5 on a scale of 0 to 10) based on fair current risk-adjusted capital (severe loss scenario). Good overall results on stability tests (6.8). Rating is significantly influenced by the strong financial results of Louisiana Health Service & Indemnity Co. Weak profitability index (0.9) with modest operating losses during 2019, 2021 and 2022.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: AR
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
898
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
655
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Louisiana Health Service & Indemnity Co
Investment Rating
--
Company Address
130 DeSiard Street
Monroe, LA 71201
Phone Number
(318) 361-0900
NAIC Number
16576
Largest Affiliates
B
Baton Rouge, LA - Health
A
Baton Rouge, LA - Health
C
Monroe, LA - Health
D
Weiss Ratings