Aetna Health of Michigan Inc
Major Rating Factors:
Fair overall results on stability tests (4.7 on a scale of 0 to 10) based on excessive capital growth during 2022, an excessive 166% enrollment growth during the period. Rating is significantly influenced by the acceptable financial results of CVS Health Corporation. Excellent capitalization index (7.5) based on excellent current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years. Excellent quality investment portfolio (8.5) containing small junk bond exposure.
Other Rating Factors:
Excellent liquidity (7.1) with ample operational cash flow and liquid investments. Weak profitability index (1.8) with operating losses during 2021. Return on equity has been low, averaging 2.5% over the last five years.
Principal Lines of Business:
--
Licensed in:
IL, IN, MI
Principal Enrollment Breakdown:
--
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
CVS Health Corporation
Investment Rating
Company Address
28588 Northwestern Highway
Southfield, MI 48034
Southfield, MI 48034
Phone Number
(248) 357-7766
NAIC Number
95756
Website
Largest Affiliates