B
Michigan Ins Co
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
3.90
Risk Adjusted
Capital Ratio #2
2.90
Loss
Ratio
58.72%
Total
Assets
211.38M
Capital
79.13M
Net
Premiums
122.68M
Net
Income
5.23M
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Weiss Ratings Michigan Ins Co
Grand Rapids, MI 		Click to
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Rating B
Capitalization Index 9.80
Investment Safety Index --
Liquidity Index 7.70
Profitability Index 7.20
Reserve Adequacy Index 9.40
Stability Index 5.90
Company Info Michigan Ins Co
Grand Rapids, MI 		Click to
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Industry P&C
NAIC Number 10857
Phone Number (888) 606-6426
Website www.michiganinsurance.com
Address 1700 East Beltline NE Grand Rapids, MI 49525
Balance Sheet Michigan Ins Co
Grand Rapids, MI 		Click to
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Total Assets 211.38M
Capital and Reserves Michigan Ins Co
Grand Rapids, MI 		Click to
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Risk-Adjusted Capital Ratio #1 3.90
Risk-Adjusted Capital Ratio #2 2.90
1-Year Reserve Development -740.00%
2-Year Reserve Development -890.00%
Capital 79.13M
Premium to Surplus 160.00%
Reserves to Surplus 90.00%
Investments Michigan Ins Co
Grand Rapids, MI 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Michigan Ins Co
Grand Rapids, MI 		Click to
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Medical Loss Ratio --
Cash From Underwriting 100.00%
Combined Ratio 100.00%
Expense Ratio 40.00%
Loss Ratio 58.72%
Net Premium Growth 0.00%
Other Medical Michigan Ins Co
Grand Rapids, MI 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability Michigan Ins Co
Grand Rapids, MI 		Click to
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Net Income 5.23M
Net Premium 122.68M
Health Premium --