B
Blue Cross Complete of MI LLC
Rating Date
June 2024
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: Excellent profitability (8.6 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent overall capitalization (8.3) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Other Rating Factors: Excellent overall results on stability tests (8.2) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of Blue Cross Complete of Michigan LLC. Excellent liquidity (7.1) 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 ($)
284
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Blue Cross Complete of Michigan LLC
Investment Rating
--
Company Address
200 Stevens Drive
Philadelphia, PA 19113
Phone Number
(215) 937-8000
NAIC Number
11557
Largest Affiliates
B
Detroit, MI - Health
B
Southfield, MI - Health
C
D
Berlin, VT - Health
D
Des Moines, IA - Health
Weiss Ratings