Aetna Better Health of MI Inc

Southfield, MI

Rating Date

June 2024

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

2.46

Risk Adjusted
Capital Ratio #2

2.05

Total
Assets

223.94M

Capital

70.00M

Health
Premiums

568.53M

Net
Income

22.07M

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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	8.38
Investment Safety Index	8.93
Liquidity Index	7.16
Profitability Index	8.36
Reserve Adequacy Index	--
Stability Index	6.41

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	223.94M

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	2.46
Risk-Adjusted Capital Ratio #2	2.05
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	70.00M
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	78.99%
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	1.21K
Capitation Pay	9.66K
Contractual Pay	388.51K
Enrollment	74.25K
Fee For Service	39.18K
Medical Expense Per Member Per Month	$1,998.00
Network Physicians	52.57K
Other Pay	--
Salary Pay	0.00
Total Patient Encounters - Physician	885.14K
Total Patient Encounters-Non-Physician	898.89K

Profitability	Aetna Better Health of MI Inc Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Net Income	22.07M
Net Premium	568.53M
Health Premium	568.53M