C
MII Life Ins Inc
EaganMN
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Weak overall results on stability tests (2.0 on a scale of 0 to 10) based on a steep decline in capital during 2022. Rating is significantly influenced by the acceptable financial results of Aware Integrated Inc. Good overall profitability index (5.2) despite a decline in earnings during 2022. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent quality investment portfolio (9.2) containing small junk bond exposure. Excellent liquidity (10.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: All states except AK, AZ, CO, CT, HI, ID, IL, MA, ME, MO, MS, NH, NM, NV, OK, RI, SC, TX, VA, VT
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
-74
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
0
Contractual Pay
0
Salary
0
Bonus
0
Other
--
Member Physicians
0
Enrollment
Total Patient Encounters
Physician
0
Non-Physician
0
Corporate Info
Group Affiliation
Aware Integrated Inc
Investment Rating
--
Company Address
3400 Yankee Drive
Eagan, MN 55121
Phone Number
(651) 662-8000
NAIC Number
61522
Largest Affiliates
C
Eagan, MN - Health
B
Eagan, MN - Health