First Care Inc
Major Rating Factors:
Excellent overall profitability index (6.9 on a scale of 0 to 10) despite operating losses during 2018. Excellent capitalization (7.3) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. Excellent quality investment portfolio (7.5) containing small junk bond exposure.
Other Rating Factors:
Excellent overall results on stability tests (8.0) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of CareFirst Inc. Excellent liquidity (7.8) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
AZ, DC, FL, ID, KY, LA, MD, MT, OK, OR, RI, TX, UT, VA, VT, WA, WI, WV, WY
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
CareFirst Inc
Investment Rating
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Company Address
10455 Mill Run Circle
Owings Mills, MD 21117
Owings Mills, MD 21117
Phone Number
(410) 581-3000
NAIC Number
60113
Website
Largest Affiliates