Total Health Care Inc
Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) due to a decline in earnings during 2023. Fair overall results on stability tests (3.2) in spite of healthy premium and capital growth during 2023 but an overall decline in enrollment over the past five years despite growth in 2020. Rating is significantly influenced by the excellent financial results of Corewell Health. Excellent overall capitalization (9.4) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (7.7). Excellent liquidity (10.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
MI
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
Corewell Health
Investment Rating
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Company Address
1231 East Beltline Ave NE
Grand Rapids, MI 49525
Grand Rapids, MI 49525
Phone Number
(616) 464-8931
NAIC Number
95644
Website
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