Major Rating Factors:
Excellent quality investment portfolio (6.9 on a scale of 0 to 10). Good overall results on stability tests (6.5) based on consistent premium and capital growth in the last five years but a decline in enrollment during 2023. Rating is significantly influenced by the strong financial results of McLaren Health Care Corporation. Weak profitability index (1.9) with operating losses during 2019, 2020, 2021 and 2022.
Other Rating Factors:
Excellent capitalization (10.0) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020. Excellent liquidity (7.5) 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
McLaren Health Care Corporation
Investment Rating
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Company Address
G-3245 Beecher Road
Flint, MI 48532
Flint, MI 48532
Phone Number
(888) 327-0671
NAIC Number
14217
Website
Largest Affiliates