Major Rating Factors:
Good quality investment portfolio (6.8 on a scale of 0 to 10) containing junk bond exposure equal to 77.1% of capital. Good overall results on stability tests (6.1) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of Blue Cross Blue Shield of Michigan Mutual Ins Co. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Weak profitability index (2.0) with 148.7 million in losses in the last three years. Return on equity has been low, averaging 0.7% over the last five years. Excellent overall capitalization (10.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business:
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Licensed in:
MI
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Blue Cross Blue Shield of Michigan Mutual Ins Co
Investment Rating
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Company Address
441 E. Jefferson
Detroit, MI 48226
Detroit, MI 48226
Phone Number
(248) 799-6400
NAIC Number
95610
Website
Largest Affiliates