Blue Care Network of Michigan

Southfield, MI

Rating Date

September 2023

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

6.18

Risk Adjusted
Capital Ratio #2

5.15

Total
Assets

2.67B

Capital

1.75B

Health
Premiums

4.15B

Net
Income

-36.18M

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Weiss Ratings	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Rating	B
Capitalization Index	10.00
Investment Safety Index	6.71
Liquidity Index	6.86
Profitability Index	3.47
Reserve Adequacy Index	--
Stability Index	6.34

Company Info	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Industry	Health
NAIC Number	01259
Phone Number	(248) 799-6400
Website	www.bcbsm.com
Address	20500 Civic Center Drive Southfield, MI 48076

Balance Sheet	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Total Assets	2.76B

Capital and Reserves	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	6.48
Risk-Adjusted Capital Ratio #2	5.40
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	1.78B
Premium to Surplus	--
Reserves to Surplus	--

Investments	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Cash	--
CMO & Structured Securities	--
Common & Preferred Stock	--
Invested Assets	--
Investments in Affiliates	--
Mortgages in Good Standing	--
Non-Investment Grade Bonds	--
Non-Performing Mortgages	--
Other Investment Grade Bonds	--
Other Investments	--
Real Estate	--

Operating Ratios	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	91.61%
Cash From Underwriting	--
Combined Ratio	--
Expense Ratio	--
Loss Ratio	--
Net Premium Growth	--

Other Medical	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	2.34M
Capitation Pay	206.10K
Contractual Pay	988.25K
Enrollment	664.86K
Fee For Service	95.58K
Medical Expense Per Member Per Month	$601.00
Network Physicians	69.26K
Other Pay	--
Salary Pay	0.00
Total Patient Encounters - Physician	4.05M
Total Patient Encounters-Non-Physician	2.86M

Profitability	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Net Income	17.85M
Net Premium	3.12B
Health Premium	3.12B