Development
B
Priority Health Choice Inc
Rating Date
September 2023
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
2.68
Risk Adjusted
Capital Ratio #2
2.23
Total
Assets
483.16M
Capital
264.87M
Health
Premiums
633.31M
Net
Income
32.30M
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Weiss Ratings Priority Health Choice Inc
Grand Rapids, MI 		Click to
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Rating B
Capitalization Index 9.50
Investment Safety Index 4.84
Liquidity Index 7.13
Profitability Index 8.52
Reserve Adequacy Index --
Stability Index 6.31
Company Info Priority Health Choice Inc
Grand Rapids, MI 		Click to
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Industry Health
NAIC Number 11520
Phone Number (616) 464-8931
Website www.priorityhealth.com
Address 1231 East Beltline, NE Grand Rapids, MI 49525
Balance Sheet Priority Health Choice Inc
Grand Rapids, MI 		Click to
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Total Assets 408.97M
Capital and Reserves Priority Health Choice Inc
Grand Rapids, MI 		Click to
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Risk-Adjusted Capital Ratio #1 3.36
Risk-Adjusted Capital Ratio #2 2.80
1-Year Reserve Development --
2-Year Reserve Development --
Capital 211.27M
Premium to Surplus --
Reserves to Surplus --
Investments Priority Health Choice Inc
Grand Rapids, MI 		Click to
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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 Priority Health Choice Inc
Grand Rapids, MI 		Click to
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Medical Loss Ratio 76.85%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Priority Health Choice Inc
Grand Rapids, MI 		Click to
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Bonus Pay 134.72K
Capitation Pay 99.01K
Contractual Pay 381.29K
Enrollment 260.31K
Fee For Service 9.17K
Medical Expense Per Member Per Month $288.00
Network Physicians 29.42K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 1.80M
Total Patient Encounters-Non-Physician 425.10K
Profitability Priority Health Choice Inc
Grand Rapids, MI 		Click to
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Net Income 52.86M
Net Premium 851.13M
Health Premium 851.13M