Development
B
Priority Health Ins Co
Rating Date
September 2023
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
1.70
Risk Adjusted
Capital Ratio #2
1.41
Total
Assets
153.01M
Capital
69.90M
Health
Premiums
190.22M
Net
Income
5.57M
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Weiss Ratings Priority Health Ins Co
Grand Rapids, MI 		Click to
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Rating B
Capitalization Index 7.09
Investment Safety Index 4.22
Liquidity Index 6.81
Profitability Index 3.92
Reserve Adequacy Index --
Stability Index 5.64
Company Info Priority Health Ins Co
Grand Rapids, MI 		Click to
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Industry Health
NAIC Number 12208
Phone Number (616) 942-0954
Website www.priorityhealth.com
Address 1231 East Beltline, NE Grand Rapids, MI 49525
Balance Sheet Priority Health Ins Co
Grand Rapids, MI 		Click to
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Total Assets 169.12M
Capital and Reserves Priority Health Ins Co
Grand Rapids, MI 		Click to
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Risk-Adjusted Capital Ratio #1 1.43
Risk-Adjusted Capital Ratio #2 1.19
1-Year Reserve Development --
2-Year Reserve Development --
Capital 57.48M
Premium to Surplus --
Reserves to Surplus --
Investments Priority Health Ins Co
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 Ins Co
Grand Rapids, MI 		Click to
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Medical Loss Ratio 91.97%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Priority Health Ins Co
Grand Rapids, MI 		Click to
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Bonus Pay 50.81K
Capitation Pay 0.00
Contractual Pay 150.14K
Enrollment 63.48K
Fee For Service 49.65K
Medical Expense Per Member Per Month $517.00
Network Physicians 39.94K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 519.52K
Total Patient Encounters-Non-Physician 37.62K
Profitability Priority Health Ins Co
Grand Rapids, MI 		Click to
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Net Income 1.53M
Net Premium 271.66M
Health Premium 271.66M