Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 31.9 million in losses in the last two years. Average return on equity over the last five years has been poor at -38.5%. Fair overall results on stability tests (3.4) in spite of healthy premium and capital growth during 2022 but good risk-adjusted capital in prior years. Excellent capitalization (6.9) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
AK, AZ, DC, DE, ID, IL, IN, KS, LA, MI, ND, NE, NM, OH, OR, SC, SD, TN, TX, UT, VA, WI
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
Ascension Health Alliance
Investment Rating
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Company Address
800 Tower Drive
Troy, MI 48098
Troy, MI 48098
Phone Number
(586) 693-4300
NAIC Number
97772
Website
Largest Affiliates