A
Priority Health
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Excellent overall capitalization (9.7 on a scale of 0 to 10) based on good current risk-adjusted capital (severe loss scenario). Furthermore, this high level of risk-adjusted capital has been consistently maintained in previous years. Excellent quality investment portfolio (8.0) containing small junk bond exposure. Excellent overall results on stability tests (8.7) based on consistent premium and capital growth in the last five years.
Other Rating Factors: Excellent overall profitability index (6.9) despite 4.0 million in losses in the current year. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: MI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
608
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Corewell Health
Investment Rating
--
Company Address
1231 East Beltline, NE
Grand Rapids, MI 49525
Phone Number
(616) 464-8931
NAIC Number
95561
Largest Affiliates
B
Grand Rapids, MI - Health
B
Grand Rapids, MI - Health
B
Grand Rapids, MI - Health
B
Grand Rapids, MI - Health
Weiss Ratings