C
Physicians Health Plan
Rating Date
April 2025
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
1.41
Risk Adjusted
Capital Ratio #2
1.18
Total
Assets
75.34M
Capital
28.75M
Health
Premiums
157.00M
Net
Income
974.94K
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Weiss Ratings Physicians Health Plan
East Lansing, MI 		Click to
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Rating C
Capitalization Index 7.07
Investment Safety Index 0.00
Liquidity Index 7.14
Profitability Index 3.48
Reserve Adequacy Index --
Stability Index 2.63
Company Info Physicians Health Plan
East Lansing, MI 		Click to
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Industry Health
NAIC Number 01273
Phone Number (517) 364-8400
Website www.phpmichigan.com
Address 1301 N. Hagadorn Rd. East Lansing, MI 48823
Balance Sheet Physicians Health Plan
East Lansing, MI 		Click to
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Total Assets 75.34M
Capital and Reserves Physicians Health Plan
East Lansing, MI 		Click to
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Risk-Adjusted Capital Ratio #1 1.41
Risk-Adjusted Capital Ratio #2 1.18
1-Year Reserve Development --
2-Year Reserve Development --
Capital 28.75M
Premium to Surplus --
Reserves to Surplus --
Investments Physicians Health Plan
East Lansing, 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 Physicians Health Plan
East Lansing, MI 		Click to
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Medical Loss Ratio 87.09%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Physicians Health Plan
East Lansing, MI 		Click to
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Bonus Pay 1.81K
Capitation Pay 0.00
Contractual Pay 140.90K
Enrollment 0.00
Fee For Service 8.14K
Medical Expense Per Member Per Month $1,666.00
Network Physicians 13.12K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 182.55K
Total Patient Encounters-Non-Physician 137.70K
Profitability Physicians Health Plan
East Lansing, MI 		Click to
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Net Income 974.94K
Net Premium 157.00M
Health Premium 157.00M