Major Rating Factors:
Weak profitability index (0.1 on a scale of 0 to 10) with 37.0 million in losses in the last three years. Weak liquidity (1.1) as a spike in claims may stretch capacity. Fair overall results on stability tests (3.3) based on a decline in the number of member physicians during 2022, an excessive 236% enrollment growth during the period. Rating is significantly influenced by the strong financial results of Blue Cross Blue Shield of Michigan Mutual Ins Co.
Other Rating Factors:
Excellent capitalization index (7.9) based on good current risk-adjusted capital (severe loss scenario). Excellent quality investment portfolio (9.1) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
ND
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
Blue Cross Blue Shield of Michigan Mutual Ins Co
Investment Rating
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Company Address
4510 13th Avenue, South
Fargo, ND 58121
Fargo, ND 58121
Phone Number
(701) 318-2896
NAIC Number
16739
Website
Largest Affiliates