Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 73.9 million in losses in the last three years. Average return on equity over the last five years has been poor at -24.0%. Weak quality investment portfolio (1.7). Good overall results on stability tests (5.6) despite excessive capital growth during 2023.
Other Rating Factors:
Excellent capitalization (7.3) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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
Henry Ford Health System
Investment Rating
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Company Address
3031 West Grand Boulevard
Detroit, MI 48202
Detroit, MI 48202
Phone Number
(313) 872-8100
NAIC Number
60134
Website
Largest Affiliates