Major Rating Factors:
Fair capitalization index (2.9 on a scale of 0 to 10) based on weak current risk-adjusted capital (severe loss scenario). Weak overall results on stability tests (0.0). Fair profitability index (3.8) due to a decline in earnings during 2021. Average return on equity over the last five years has been poor at -8.5%.
Other Rating Factors:
Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
CA
Principal Enrollment Breakdown:
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