C
Capital Advantage Ins Co
Rating Date
June 2024
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 (1.4 on a scale of 0 to 10) with 34.5 million in losses in the last two years. Average return on equity over the last five years has been poor at -2.6%. Weak quality investment portfolio (2.1) containing large exposure to common stock. Good overall results on stability tests (5.8).
Other Rating Factors: Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (7.6) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: PA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
303
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Capital Blue Cross Inc
Investment Rating
--
Company Address
2500 Elmerton Avenue
Harrisburg, PA 17177
Phone Number
(717) 541-7000
NAIC Number
41203
Largest Affiliates
C
Harrisburg, PA - Health
C
Harrisburg, PA - Health
D
Harrisburg, PA - Health
D
Harrisburg, PA - Health
D
Harrisburg, PA - Health