B
Priority Health Choice Inc
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Weiss Ratings Priority Health Choice Inc
Grand Rapids, MI
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Rating B
Capitalization Index 8.65
Investment Safety Index 2.68
Liquidity Index 7.15
Profitability Index 9.31
Reserve Adequacy Index --
Stability Index 7.73
Company Info Priority Health Choice Inc
Grand Rapids, MI
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Industry Health
NAIC Number 11520
Phone Number (616) 464-8931
Website www.priorityhealth.com
Address 1231 East Beltline, NE Grand Rapids, MI 49525
Balance Sheet Priority Health Choice Inc
Grand Rapids, MI
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Total Assets 424.01M
Capital and Reserves Priority Health Choice Inc
Grand Rapids, MI
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Risk-Adjusted Capital Ratio #1 2.68
Risk-Adjusted Capital Ratio #2 2.23
1-Year Reserve Development --
2-Year Reserve Development --
Capital 226.97M
Premium to Surplus --
Reserves to Surplus --
Investments Priority Health Choice Inc
Grand Rapids, MI
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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 Priority Health Choice Inc
Grand Rapids, MI
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Medical Loss Ratio 80.28%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Priority Health Choice Inc
Grand Rapids, MI
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Bonus Pay 187.26K
Capitation Pay 106.51K
Contractual Pay 586.65K
Enrollment 266.03K
Fee For Service 26.33K
Medical Expense Per Member Per Month $303.00
Network Physicians 29.90K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 2.39M
Total Patient Encounters-Non-Physician 443.08K
Profitability Priority Health Choice Inc
Grand Rapids, MI
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Net Income 65.89M
Net Premium 1.16B
Health Premium 1.16B
Weiss Ratings