HNE Ins Co
Major Rating Factors:
Fair overall results on stability tests (3.4 on a scale of 0 to 10) based on rapid premium growth over the last five years, a steep decline in capital during 2022 and rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of Baystate Health Inc. Weak profitability index (0.6) with operating losses during 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -16.5%. Weak liquidity (0.1) as a spike in claims may stretch capacity.
Other Rating Factors:
Excellent overall capitalization (8.4) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business:
--
Licensed in:
MA
Principal Enrollment Breakdown:
--
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Baystate Health Inc
Investment Rating
--
Company Address
One Monarch Place
Springfield, MA 01144
Springfield, MA 01144
Phone Number
(413) 787-4000
NAIC Number
14198
Website
Largest Affiliates