PHP Ins Co
Major Rating Factors:
Weak profitability index (2.4 on a scale of 0 to 10) with 1.2 million in losses in the current year. Return on equity has been low, averaging 2.3% over the last five years. Weak quality investment portfolio (0.1) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Weak overall results on stability tests (1.5).
Other Rating Factors:
Excellent overall capitalization (8.8) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
MI
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
UM Health
Investment Rating
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Company Address
1301 N. Hagadorn Rd.
East Lansing, MI 48823
East Lansing, MI 48823
Phone Number
(517) 364-8400
NAIC Number
12816
Website
Largest Affiliates