D
HAP CareSource
Detroit,  MI
Rating Date
January 2026
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
1.44
Risk Adjusted
Capital Ratio #2
1.20
Total
Assets
103.41M
Capital
33.23M
Health
Premiums
305.67M
Net
Income
3.98M
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Weiss Ratings HAP CareSource
Detroit, MI 		Click to
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Rating D
Capitalization Index 7.10
Investment Safety Index 1.10
Liquidity Index 6.99
Profitability Index 2.18
Reserve Adequacy Index --
Stability Index 6.68
Company Info HAP CareSource
Detroit, MI 		Click to
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Industry Health
NAIC Number 02045
Phone Number (313) 872-8100
Website www.caresource.com/mi/plans
Address 3031 West Grand Boulevard Detroit, MI 48202
Balance Sheet HAP CareSource
Detroit, MI 		Click to
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Total Assets 103.41M
Capital and Reserves HAP CareSource
Detroit, MI 		Click to
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Risk-Adjusted Capital Ratio #1 1.44
Risk-Adjusted Capital Ratio #2 1.20
1-Year Reserve Development --
2-Year Reserve Development --
Capital 33.23M
Premium to Surplus --
Reserves to Surplus --
Investments HAP CareSource
Detroit, MI 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios HAP CareSource
Detroit, MI 		Click to
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Medical Loss Ratio 79.04%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical HAP CareSource
Detroit, MI 		Click to
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Bonus Pay -1.75K
Capitation Pay 32.47K
Contractual Pay 198.69K
Enrollment 38.38K
Fee For Service 6.99K
Medical Expense Per Member Per Month $474.00
Network Physicians 18.73K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 594.80K
Total Patient Encounters-Non-Physician 125.14K
Profitability HAP CareSource
Detroit, MI 		Click to
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Net Income 3.98M
Net Premium 305.67M
Health Premium 305.67M