Meridian Hlth Plan of MI Inc
Major Rating Factors:
Fair profitability index (4.2 on a scale of 0 to 10) due to a decline in earnings during 2023. Return on equity has been fair, averaging 8.7% over the last five years. Fair quality investment portfolio (4.4). Fair overall results on stability tests (3.3). Rating is significantly influenced by the strong financial results of Centene Corporation.
Other Rating Factors:
Excellent overall capitalization (7.4) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
DC, DE, IL, IN, KY, ME, MI, OH
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
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Centene Corporation
Investment Rating
Company Address
7700 Forsyth Boulevard
Saint Louis, MO 63105
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
52563
Website
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