Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10) based on inordinate decline in capital during 2022. Rating is significantly influenced by the acceptable financial results of Blue Cross Blue Shield of Michigan Mutual Ins Co. Good quality investment portfolio (5.6) containing junk bond exposure equal to 71.4% of capital. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Weak profitability index (1.8) with operating losses during 2018 and 2022. Excellent overall capitalization (7.6) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business:
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Licensed in:
VT
Principal Enrollment Breakdown:
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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
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Company Address
445 Industrial Lane
Berlin, VT 05602
Berlin, VT 05602
Phone Number
(802) 223-6131
NAIC Number
53295
Website
Largest Affiliates
