Local Development
B
Blue Cross Blue Shield of MI
DetroitMI
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Weiss Ratings
Blue Cross Blue Shield of MI
Detroit, MI
Low
Blue Cross Blue Shield of MI
Industry Average
High
Capitalization Index
9.37
0.00
10.00
Investment Safety Index
3.14
0.00
9.90
Liquidity Index
6.62
0.00
10.00
Profitability Index
4.40
0.00
10.00
Stability Index
5.76
< 0.00
8.74
Balance Sheet
Blue Cross Blue Shield of MI
Detroit, MI
Low
Blue Cross Blue Shield of MI
Industry Average
High
Total Assets
10.08B
< 1.30B
> 10.08B
Capital and Reserves
Blue Cross Blue Shield of MI
Detroit, MI
Low
Blue Cross Blue Shield of MI
Industry Average
High
Capital
6.40B
< 223.51M
> 6.40B
Risk-Adjusted Capital Ratio #1
3.26
< 0.00
> 20.00
Risk-Adjusted Capital Ratio #2
2.71
< 0.00
> 20.00
Operating Ratios
Blue Cross Blue Shield of MI
Detroit, MI
Low
Blue Cross Blue Shield of MI
Industry Average
High
Medical Loss Ratio
87.94%
< -960.00%
> 90.00%
Other Medical
Blue Cross Blue Shield of MI
Detroit, MI
Low
Blue Cross Blue Shield of MI
Industry Average
High
Bonus Pay
140.59M
< 44.88M
> 179.56M
Capitation Pay
826.80M
< 61.11M
> 826.80M
Contractual Pay
8.03B
< 320.54M
> 8.03B
Enrollment
3.47M
< 104.21K
> 3.47M
Fee For Service
75.57M
< 51.24M
> 204.97M
Medical Expense Per Member Per Month
212.00
< -31,760.00
> 220.00
Network Physicians
84.65K
< 24.01K
> 96.07K
Other Pay
--
0.00
2.45B
Salary Pay
0.00
0.00
> 24.83M
Total Patient Encounters - Physician
0.00
0.00
> 2.95M
Total Patient Encounters - Non-Physician
0.00
0.00
> 2.12M
Profitability
Blue Cross Blue Shield of MI
Detroit, MI
Low
Blue Cross Blue Shield of MI
Industry Average
High
Health Premium
9.99B
< 391.84M
> 9.99B
Net Income
-269.31M
< -269.31M
> 41.05M
Weiss Ratings