Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8) with operating losses during 2022. Good overall results on stability tests (6.4) despite.
Other Rating Factors:
Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.3) 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 (41.3%), comm multi (14.8%), personal/comm auto (9.5%), fire (5.7%), homeowners (0.3%), other (28.4%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (83.3%), common stock (6.0%), non investment grade bonds (4.2%), cash (3.3%), other (3.1%)
Corporate Info
Group Affiliation
Blue Cross Blue Shield of Michigan Mutual Ins Co
Investment Rating
--
Company Address
200 N Grand Avenue
Lansing, MI 48933
Lansing, MI 48933
Phone Number
(248) 358-1100
NAIC Number
18023
Website
Largest Affiliates