A
McLaren Health Plan Inc
FlintMI
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Excellent profitability (9.2 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent capitalization (8.8) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2017. Excellent quality investment portfolio (8.5).
Other Rating Factors: Excellent overall results on stability tests (7.1) based on steady enrollment growth, averaging 7% over the past five years, consistent premium and capital growth in the last five years. Excellent liquidity (7.4) 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 ($)
369
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
McLaren Health Care Corporation
Investment Rating
--
Company Address
G-3245 Beecher Road
Flint, MI 48532
Phone Number
(810) 733-9723
NAIC Number
95562
Largest Affiliates
A
Indianapolis, IN - Health
B
Weiss Ratings