University of MI Hlth Ins Co
Major Rating Factors:
Weak profitability index (1.4 on a scale of 0 to 10) with modest operating losses during 2022 and 2023. Average return on equity over the last five years has been poor at -0.2%. Weak quality investment portfolio (0.0) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Fair overall results on stability tests (3.0) based on a significant -21% decrease in enrollment during the period.
Other Rating Factors:
Excellent overall capitalization (9.6) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.7) 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