Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10) based on a steep decline in capital during 2023. Rating is significantly influenced by the strong financial results of Blue Cross Blue Shield of Michigan Mutual Ins Co. Weak profitability index (2.0) with operating losses during 2022. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (7.1) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.3) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
VT
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
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Blue Cross Blue Shield of Michigan Mutual Ins Co
Investment Rating
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Company Address
445 Industrial Lane
Berlin, VT 05602
Berlin, VT 05602
Phone Number
(802) 223-6131
NAIC Number
53295
Website
Largest Affiliates