B
Blue Cross Blue Shield of MI
DetroitMI
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Weiss Ratings Blue Cross Blue Shield of MI
Detroit, MI
Click to
Compare
Click to
Compare
Click to
Compare
Rating B
Capitalization Index 10.00
Investment Safety Index 6.76
Liquidity Index 6.80
Profitability Index 5.52
Reserve Adequacy Index --
Stability Index 5.97
Company Info Blue Cross Blue Shield of MI
Detroit, MI
Click to
Compare
Click to
Compare
Click to
Compare
Industry Health
NAIC Number 54291
Phone Number (313) 225-9000
Website www.bcbsm.com
Address 600 East Lafayette Boulevard Detroit, MI 48226
Balance Sheet Blue Cross Blue Shield of MI
Detroit, MI
Click to
Compare
Click to
Compare
Click to
Compare
Total Assets 10.38B
Capital and Reserves Blue Cross Blue Shield of MI
Detroit, MI
Click to
Compare
Click to
Compare
Click to
Compare
Risk-Adjusted Capital Ratio #1 3.71
Risk-Adjusted Capital Ratio #2 3.09
1-Year Reserve Development --
2-Year Reserve Development --
Capital 6.15B
Premium to Surplus --
Reserves to Surplus --
Investments Blue Cross Blue Shield of MI
Detroit, 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 Blue Cross Blue Shield of MI
Detroit, MI
Click to
Compare
Click to
Compare
Click to
Compare
Medical Loss Ratio 88.09%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Blue Cross Blue Shield of MI
Detroit, MI
Click to
Compare
Click to
Compare
Click to
Compare
Bonus Pay 76.30K
Capitation Pay 0.00
Contractual Pay 8.32M
Enrollment 3.47M
Fee For Service 66.15K
Medical Expense Per Member Per Month $274.00
Network Physicians 75.55K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 0.00
Total Patient Encounters-Non-Physician 0.00
Profitability Blue Cross Blue Shield of MI
Detroit, MI
Click to
Compare
Click to
Compare
Click to
Compare
Net Income -47.91M
Net Premium 7.51B
Health Premium 7.51B
Weiss Ratings