Total Health Care USA Inc
Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) with operating losses during 2020 and 2021. Excellent overall capitalization (8.3) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (9.3) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Other Rating Factors:
Excellent liquidity (10.0) with ample operational cash flow and liquid investments. Weak overall results on stability tests (0.0) based on a significant -100% decrease in enrollment during the period, a decline in the number of member physicians during 2022 and a steep decline in capital during 2022. Rating is significantly influenced by the excellent financial results of Corewell Health.
Principal Lines of Business:
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Licensed in:
MI
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
Corewell Health
Investment Rating
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Company Address
1231 East Beltline Ave NE
Grand Rapids, MI 49525
Grand Rapids, MI 49525
Phone Number
(313) 871-7878
NAIC Number
12326
Website
Largest Affiliates
