C
Paramount Care of Michigan Inc
MonroeMI
Rating Date
September 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: Good overall profitability index (6.4 on a scale of 0 to 10) despite a decline in earnings during 2022. Good overall results on stability tests (5.1). Rating is significantly influenced by the weak financial results of Medical Mutual of Ohio. Excellent capitalization (7.5) based on excellent 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: --
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
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
674
Corporate Info
Group Affiliation
Medical Mutual of Ohio
Investment Rating
--
Company Address
214 East Elm Avenue
Monroe, MI 48162
Phone Number
(734) 529-7800
NAIC Number
95566
Largest Affiliates
E
Toledo, OH - Health
C
Toledo, OH - Health
E
Toledo, OH - Health
U
Toledo, OH - Health
U
Toledo, OH - Health