Major Rating Factors:
Good overall results on stability tests (5.2 on a scale of 0 to 10). Rating is significantly influenced by the acceptable financial results of ProMedica Health Systems Inc. Excellent profitability (8.1) despite a decline in earnings during 2022. Excellent capitalization (7.7) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.6) 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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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
ProMedica Health Systems Inc
Investment Rating
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Company Address
214 East Elm Avenue
Monroe, MI 48162
Monroe, MI 48162
Phone Number
(734) 529-7800
NAIC Number
95566
Largest Affiliates
