Insurance

Minnesota moves to include Ucare in rebuilding amid severe capital erosion

UCare’s capital and surplus fell 47.5% in 2024 as of Dec. 31, from $1.05 billion to $551.6 million, according to the reinstatement petition. Capital and earnings fell a further 26.7% to $404.2 million as of June 30, with risk-based capital figures and some other financial details revised in the filing.

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