B
Meemic Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.70
Risk Adjusted
Capital Ratio #2
2.10
Loss
Ratio
82.02%
Total
Assets
333.65M
Capital
80.52M
Net
Premiums
129.08M
Net
Income
-7.18M
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Weiss Ratings Meemic Ins Co
Auburn Hills, MI 		Click to
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Rating B
Capitalization Index 8.60
Investment Safety Index --
Liquidity Index 5.80
Profitability Index 3.60
Reserve Adequacy Index 9.30
Stability Index 7.10
Company Info Meemic Ins Co
Auburn Hills, MI 		Click to
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Industry P&C
NAIC Number 16101
Phone Number (248) 373-5700
Website www.meemic.com
Address 1685 North Opdyke Road Auburn Hills, MI 48326
Balance Sheet Meemic Ins Co
Auburn Hills, MI 		Click to
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Total Assets 333.65M
Capital and Reserves Meemic Ins Co
Auburn Hills, MI 		Click to
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Risk-Adjusted Capital Ratio #1 2.70
Risk-Adjusted Capital Ratio #2 2.10
1-Year Reserve Development -450.00%
2-Year Reserve Development -1,180.00%
Capital 80.52M
Premium to Surplus 150.00%
Reserves to Surplus 120.00%
Investments Meemic Ins Co
Auburn Hills, 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 Meemic Ins Co
Auburn Hills, MI 		Click to
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Medical Loss Ratio --
Cash From Underwriting 90.00%
Combined Ratio 110.00%
Expense Ratio 30.00%
Loss Ratio 82.02%
Net Premium Growth 10.00%
Other Medical Meemic Ins Co
Auburn Hills, 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 Meemic Ins Co
Auburn Hills, MI 		Click to
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Net Income -7.18M
Net Premium 129.08M
Health Premium --