BLUE CROSS BLUE SHIELD OF MICHIGAN
Detroit, MI
Data as of
June 30, 2020
NAIC
Classification
Classification
Health
Risk Adjusted
Capital Ratio #1
Capital Ratio #1
4.33
Risk Adjusted
Capital Ratio #2
Capital Ratio #2
3.61
Total
Assets
Assets
10.12B
Capital
5.63B
Health
Premiums
Premiums
4.59B
Net
Income
Income
368.87M
Major Rating Factors:
Fair quality investment portfolio (3.1 on a scale of 0 to 10). Good overall profitability index (5.3). Strong capitalization (10.0) based on excellent current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
Comp med (48.1%), Medicare (36.6%), FEHB (6.1%), med supp (4.5%), other (2.9%), dental (1.5%), vision (0.4%)
Licensed in:
MI
Principal Enrollment Breakdown:
Other (59.4%), PPO (36.3%), Indemnity (4.3%)
Other Highlights
Medical Loss Ratio
85.8%
Medical Expense
Per Member Per Month ($)
205
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
23,562
Contractual Pay
7,662,646
Salary
0
Bonus
64,750
Other
0
Member Physicians
66,178
Enrollment
3,300,268
Total Patient Encounters
Physician
66,178
Non-Physician
0
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
600 Lafayette East
DETROIT, MI 48226
DETROIT, MI 48226
Phone Number
(313) 225-9000
NAIC Number
54291
Website
--
Largest Affiliates
No affiliate information available.
