Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.6) including excessive premium growth and weak results on operational trends. Good overall profitability index (5.0) with small operating losses during 2022. Excellent expense controls.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (99.6%), other (0.4%)
Licensed in:
All states except CA, ND
Principal Investments:
Investment grade bonds (97.5%), other (2.5%)
Corporate Info
Group Affiliation
Blue Cross Blue Shield of Michigan Mutual Ins Co
Investment Rating
--
Company Address
200 North Grand Avenue
Lansing, MI 48933
Lansing, MI 48933
Phone Number
(866) 206-5851
NAIC Number
12304
Website
Largest Affiliates