Humana Medical Plan of MI Inc
Major Rating Factors:
Excellent liquidity (6.9 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.6) with operating losses during 2021. Return on equity has been fair, averaging 6.7% over the last five years. Excellent overall capitalization (8.7) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent quality investment portfolio (7.7) containing small junk bond exposure. Excellent overall results on stability tests (7.7) based on consistent premium and capital growth in the last five years but a decline in enrollment during 2022. Rating is significantly influenced by the excellent financial results of Humana Inc.
Principal Lines of Business:
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Licensed in:
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
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Humana Inc
Investment Rating
Company Address
500 West Main Street
Louisville, KY 40202
Louisville, KY 40202
Phone Number
(502) 580-1000
NAIC Number
14224
Website
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