C
MEEMIC INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Weiss Ratings MEEMIC INS CO
Auburn Hills, IL
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Rating C
Capitalization Index 9.60
Investment Safety Index --
Liquidity Index 5.80
Profitability Index 4.60
Reserve Adequacy Index 8.60
Stability Index 4.20
Company Info MEEMIC INS CO
Auburn Hills, IL
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Industry P&C
NAIC Number 16101
Phone Number (313) 336-9002
Website www.meemic.com
Address 1685 N Opdyke Rd Auburn Hills, IL 48326
Balance Sheet MEEMIC INS CO
Auburn Hills, IL
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Total Assets 311.93M
Capital and Reserves MEEMIC INS CO
Auburn Hills, IL
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Risk-Adjusted Capital Ratio #1 3.47
Risk-Adjusted Capital Ratio #2 2.76
1-Year Reserve Development -5.80%
2-Year Reserve Development -10.40%
Capital 99.85M
Premium to Surplus 114.80%
Reserves to Surplus 99.20%
Investments MEEMIC INS CO
Auburn Hills, IL
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates 0.00%
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios MEEMIC INS CO
Auburn Hills, IL
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Medical Loss Ratio --
Cash From Underwriting 92.60%
Combined Ratio 108.40%
Expense Ratio 32.20%
Loss Ratio 76.20%
Net Premium Growth 1.00%
Other Medical MEEMIC INS CO
Auburn Hills, IL
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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 MEEMIC INS CO
Auburn Hills, IL
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Net Income -4.57M
Net Premium 114.66M
Health Premium --
Weiss Ratings