Aetna Better Health of MI Inc

Southfield, MI

Rating Date

September 2023

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

3.38

Risk Adjusted
Capital Ratio #2

2.82

Total
Assets

228.45M

Capital

84.95M

Health
Premiums

417.89M

Net
Income

20.11M

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Weiss Ratings	Aetna Better Health of MI Inc Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Rating	B
Capitalization Index	9.53
Investment Safety Index	9.03
Liquidity Index	7.15
Profitability Index	8.28
Reserve Adequacy Index	--
Stability Index	7.10

Company Info	Aetna Better Health of MI Inc Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Industry	Health
NAIC Number	12193
Phone Number	(800) 831-1166
Website	www.aetnabetterhealth.com/michigan
Address	28588 Northwestern Highway Southfield, MI 48034

Balance Sheet	Aetna Better Health of MI Inc Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Total Assets	228.45M

Capital and Reserves	Aetna Better Health of MI Inc Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	3.38
Risk-Adjusted Capital Ratio #2	2.82
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	84.95M
Premium to Surplus	--
Reserves to Surplus	--

Investments	Aetna Better Health of MI Inc Southfield, MI	Click to Compare	Click to Compare	Click to Compare
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	Aetna Better Health of MI Inc Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	78.45%
Cash From Underwriting	--
Combined Ratio	--
Expense Ratio	--
Loss Ratio	--
Net Premium Growth	--

Other Medical	Aetna Better Health of MI Inc Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	2.65K
Capitation Pay	9.67K
Contractual Pay	255.79K
Enrollment	76.12K
Fee For Service	51.17K
Medical Expense Per Member Per Month	$568.00
Network Physicians	108.03K
Other Pay	--
Salary Pay	0.00
Total Patient Encounters - Physician	737.55K
Total Patient Encounters-Non-Physician	778.42K

Profitability	Aetna Better Health of MI Inc Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Net Income	20.11M
Net Premium	417.89M
Health Premium	417.89M