B
Total Health Care Inc
Rating Date
November 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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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: --
Licensed in: MI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
--
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
0
Contractual Pay
Salary
0
Bonus
-1
Other
--
Member Physicians
0
Enrollment
0
Total Patient Encounters
Physician
0
Non-Physician
0
Corporate Info
Group Affiliation
Corewell Health
Investment Rating
--
Company Address
1231 East Beltline Ave NE
Grand Rapids, MI 49525
Phone Number
(616) 464-8931
NAIC Number
95644
Largest Affiliates
A
Grand Rapids, MI - Health
B
Grand Rapids, MI - Health
B
Grand Rapids, MI - Health
B
Fort Wayne, IN - Health
B
Fort Wayne, IN - Health