B
Michigan Ins Co
Rating Date
June 2026
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
3.94
Risk Adjusted
Capital Ratio #2
2.84
Loss
Ratio
58.35%
Total
Assets
218.64M
Capital
84.87M
Net
Premiums
118.63M
Net
Income
10.18M
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Weiss Ratings Michigan Ins Co
Grand Rapids, MI 		Click to
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Rating B
Capitalization Index 9.70
Investment Safety Index --
Liquidity Index 6.60
Profitability Index 7.60
Reserve Adequacy Index 9.40
Stability Index 5.30
Company Info Michigan Ins Co
Grand Rapids, MI 		Click to
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Industry P&C
NAIC Number 10857
Phone Number (888) 606-6426
Website www.michiganinsurance.com
Address 1700 East Beltline NE Grand Rapids, MI 49525
Balance Sheet Michigan Ins Co
Grand Rapids, MI 		Click to
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Total Assets 218.64M
Capital and Reserves Michigan Ins Co
Grand Rapids, MI 		Click to
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Risk-Adjusted Capital Ratio #1 3.94
Risk-Adjusted Capital Ratio #2 2.84
1-Year Reserve Development -2.84%
2-Year Reserve Development -9.20%
Capital 84.87M
Premium to Surplus 139.77%
Reserves to Surplus 89.59%
Investments Michigan Ins Co
Grand Rapids, MI 		Click to
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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 Michigan Ins Co
Grand Rapids, MI 		Click to
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Medical Loss Ratio --
Cash From Underwriting 112.26%
Combined Ratio 94.88%
Expense Ratio 36.53%
Loss Ratio 58.35%
Net Premium Growth -3.30%
Other Medical Michigan Ins Co
Grand Rapids, MI 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability Michigan Ins Co
Grand Rapids, MI 		Click to
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Net Income 10.18M
Net Premium 118.63M
Health Premium --