Blue Care Network of Michigan
Major Rating Factors:
Good quality investment portfolio (6.7 on a scale of 0 to 10) containing junk bond exposure equal to 83.8% of capital. Good overall results on stability tests (6.3). Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Fair profitability index (3.5) with 98.1 million in losses in the current year. Return on equity has been fair, averaging 8.4% over the last five years.
Principal Lines of Business:
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Licensed in:
MI
Principal Enrollment Breakdown:
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