Blue Care Network of Michigan

Southfield, MI

Rating Date

June 2024

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

6.18

Risk Adjusted
Capital Ratio #2

5.15

Total
Assets

2.67B

Capital

1.75B

Health
Premiums

4.15B

Net
Income

-36.18M

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Weiss Ratings	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Rating	B
Capitalization Index	10.00
Investment Safety Index	8.54
Liquidity Index	6.82
Profitability Index	2.57
Reserve Adequacy Index	--
Stability Index	6.89

Company Info	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Industry	Health
NAIC Number	01259
Phone Number	(248) 799-6400
Website	www.bcbsm.com
Address	20500 Civic Center Drive Southfield, MI 48076

Balance Sheet	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Total Assets	2.67B

Capital and Reserves	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	6.18
Risk-Adjusted Capital Ratio #2	5.15
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	1.75B
Premium to Surplus	--
Reserves to Surplus	--

Investments	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
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	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	87.69%
Cash From Underwriting	--
Combined Ratio	--
Expense Ratio	--
Loss Ratio	--
Net Premium Growth	--

Other Medical	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	2.27M
Capitation Pay	146.27K
Contractual Pay	1.05M
Enrollment	663.06K
Fee For Service	124.78K
Medical Expense Per Member Per Month	$456.00
Network Physicians	73.18K
Other Pay	--
Salary Pay	0.00
Total Patient Encounters - Physician	3.93M
Total Patient Encounters-Non-Physician	2.98M

Profitability	Blue Care Network of Michigan Southfield, MI	Click to Compare	Click to Compare	Click to Compare
Net Income	-36.18M
Net Premium	4.15B
Health Premium	4.15B