Major Rating Factors:
Good overall results on stability tests (5.8 on a scale of 0 to 10) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.4) with 269.3 million in losses in the current year.
Other Rating Factors:
Fair quality investment portfolio (3.1). Excellent overall capitalization (9.4) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business:
--
Licensed in:
MI
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
Blue Cross Blue Shield of Michigan Mutual Ins Co
Investment Rating
--
Company Address
600 East Lafayette Boulevard
Detroit, MI 48226
Detroit, MI 48226
Phone Number
(313) 225-9000
NAIC Number
54291
Website
Largest Affiliates
