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%. Weak overall results on stability tests (2.7) based on excessive premium growth during 2022, an overall decline in enrollment over the past five years despite growth in 2021 and 2022. Excellent capitalization (7.2) based on excellent 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