Humana Medical Plan of MI Inc
Major Rating Factors:
Excellent overall capitalization (9.7 on a scale of 0 to 10) based on excellent current risk-adjusted capital (severe loss scenario). Furthermore, this high level of risk-adjusted capital has been consistently maintained in previous years. Excellent quality investment portfolio (7.7) containing small junk bond exposure. Excellent overall results on stability tests (7.6) 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.
Other Rating Factors:
Good overall profitability index (6.1) despite operating losses during 2021. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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
Largest Affiliates