Priority Health Ins Co
Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2021. Return on equity has been fair, averaging 5.1% over the last five years. Fair quality investment portfolio (3.2) containing large exposure to common stock. Fair overall results on stability tests (4.7). Rating is significantly influenced by the excellent financial results of Corewell Health.
Other Rating Factors:
Excellent overall capitalization (7.2) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.0) 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
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Corewell Health
Investment Rating
--
Company Address
1231 East Beltline, NE
Grand Rapids, MI 49525
Grand Rapids, MI 49525
Phone Number
(616) 942-0954
NAIC Number
12208
Website
Largest Affiliates
