Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall profitability index (5.0). Excellent expense controls. Good overall results on stability tests (5.6) despite excessive premium growth and negative cash flow from operations for 2025. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Work comp (25.5%), comm multi (21.9%), fire (9.4%), personal/comm auto (5.2%), other (38.0%)
Licensed in:
FL, MA, MI, MO, NE, NH, NJ, TX, VT, WI
Principal Investments:
Investment grade bonds (68.0%), cash (20.8%), common stock (0.6%), other (10.6%)
Corporate Info
Group Affiliation
Blue Cross Blue Shield of Michigan Mutual Ins Co
Investment Rating
--
Company Address
200 N Grand Avenue
Lansing, MI 48933
Lansing, MI 48933
Phone Number
(248) 358-1100
NAIC Number
10665
Website
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