B
Blue Cross Blue Shield of MI
DetroitMI
Rating Date
June 2024
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
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Rating B
Capitalization Index 9.37
Investment Safety Index 3.14
Liquidity Index 6.62
Profitability Index 4.40
Reserve Adequacy Index --
Stability Index 5.76
Company Info Blue Cross Blue Shield of MI
Detroit, MI
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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
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Total Assets 10.08B
Capital and Reserves Blue Cross Blue Shield of MI
Detroit, MI
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Risk-Adjusted Capital Ratio #1 3.26
Risk-Adjusted Capital Ratio #2 2.71
1-Year Reserve Development --
2-Year Reserve Development --
Capital 6.40B
Premium to Surplus --
Reserves to Surplus --
Investments Blue Cross Blue Shield of MI
Detroit, MI
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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
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Medical Loss Ratio 87.94%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Blue Cross Blue Shield of MI
Detroit, MI
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Bonus Pay 140.59K
Capitation Pay 826.80K
Contractual Pay 8.03M
Enrollment 3.47M
Fee For Service 75.57K
Medical Expense Per Member Per Month $211.00
Network Physicians 84.65K
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
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Net Income -269.31M
Net Premium 9.99B
Health Premium 9.99B