Paramount Care of Michigan Inc

Monroe, MI

Rating Date

June 2024

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

1.90

Risk Adjusted
Capital Ratio #2

1.59

Total
Assets

15.81M

Capital

9.88M

Health
Premiums

30.93M

Net
Income

1.22M

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Weiss Ratings	Paramount Care of Michigan Inc Monroe, MI	Click to Compare	Click to Compare	Click to Compare
Rating	C
Capitalization Index	7.69
Investment Safety Index	9.85
Liquidity Index	7.58
Profitability Index	8.11
Reserve Adequacy Index	--
Stability Index	5.15

Company Info	Paramount Care of Michigan Inc Monroe, MI	Click to Compare	Click to Compare	Click to Compare
Industry	Health
NAIC Number	02046
Phone Number	(734) 529-7800
Website	www.paramounthealthcare.com
Address	214 East Elm Avenue Monroe, MI 48162

Balance Sheet	Paramount Care of Michigan Inc Monroe, MI	Click to Compare	Click to Compare	Click to Compare
Total Assets	15.81M

Capital and Reserves	Paramount Care of Michigan Inc Monroe, MI	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	1.90
Risk-Adjusted Capital Ratio #2	1.59
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	9.88M
Premium to Surplus	--
Reserves to Surplus	--

Investments	Paramount Care of Michigan Inc Monroe, MI	Click to Compare	Click to Compare	Click to Compare
Cash	--
CMO & Structured Securities	--
Common & Preferred Stock	--
Invested Assets	--
Investments in Affiliates	--
Mortgages in Good Standing	--
Non-Investment Grade Bonds	--
Non-Performing Mortgages	--
Other Investment Grade Bonds	--
Other Investments	--
Real Estate	--

Operating Ratios	Paramount Care of Michigan Inc Monroe, MI	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	88.09%
Cash From Underwriting	--
Combined Ratio	--
Expense Ratio	--
Loss Ratio	--
Net Premium Growth	--

Other Medical	Paramount Care of Michigan Inc Monroe, MI	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	0.00
Capitation Pay	0.00
Contractual Pay	20.89K
Enrollment	2.75K
Fee For Service	6.03K
Medical Expense Per Member Per Month	$831.00
Network Physicians	14.08K
Other Pay	--
Salary Pay	0.00
Total Patient Encounters - Physician	4.65K
Total Patient Encounters-Non-Physician	674.00

Profitability	Paramount Care of Michigan Inc Monroe, MI	Click to Compare	Click to Compare	Click to Compare
Net Income	1.22M
Net Premium	30.93M
Health Premium	30.93M