| Weiss Ratings |
Health Alliance Plan of MI
Detroit, MI |
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| Rating | ||||
| Capitalization Index | 7.12 | |||
| Investment Safety Index | 1.75 | |||
| Liquidity Index | 6.93 | |||
| Profitability Index | 2.27 | |||
| Reserve Adequacy Index | -- | |||
| Stability Index | 4.07 | |||
| Company Info |
Health Alliance Plan of MI
Detroit, MI |
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| Industry | Health | |||
| NAIC Number | 01266 | |||
| Phone Number | (313) 872-8100 | |||
| Website | www.hap.org | |||
| Address | 3031 West Grand Boulevard Detroit, MI 48202 | |||
| Balance Sheet |
Health Alliance Plan of MI
Detroit, MI |
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| Total Assets | 511.90M | |||
| Capital and Reserves |
Health Alliance Plan of MI
Detroit, MI |
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| Risk-Adjusted Capital Ratio #1 | 1.45 | |||
| Risk-Adjusted Capital Ratio #2 | 1.21 | |||
| 1-Year Reserve Development | -- | |||
| 2-Year Reserve Development | -- | |||
| Capital | 239.26M | |||
| Premium to Surplus | -- | |||
| Reserves to Surplus | -- | |||
| Investments |
Health Alliance Plan 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 |
Health Alliance Plan of MI
Detroit, MI |
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| Medical Loss Ratio | 91.91% | |||
| Cash From Underwriting | -- | |||
| Combined Ratio | -- | |||
| Expense Ratio | -- | |||
| Loss Ratio | -- | |||
| Net Premium Growth | -- | |||
| Other Medical |
Health Alliance Plan of MI
Detroit, MI |
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| Bonus Pay | 5.47K | |||
| Capitation Pay | 305.14K | |||
| Contractual Pay | 1.11M | |||
| Enrollment | 169.34K | |||
| Fee For Service | 7.65K | |||
| Medical Expense Per Member Per Month | $2,782.00 | |||
| Network Physicians | 20.61K | |||
| Other Pay | -- | |||
| Salary Pay | 0.00 | |||
| Total Patient Encounters - Physician | 1.35M | |||
| Total Patient Encounters-Non-Physician | 1.67M | |||
| Profitability |
Health Alliance Plan of MI
Detroit, MI |
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| Net Income | 60.48M | |||
| Net Premium | 1.54B | |||
| Health Premium | 1.54B | |||