Major Rating Factors:
Good overall capitalization (5.0 on a scale of 0 to 10) based on fair current risk-adjusted capital (severe loss scenario). However, capital levels have fluctuated somewhat during past years. Good overall results on stability tests (5.3) despite inconsistent enrollment growth in the past five years due to declines in 2021 and 2022, good risk-adjusted capital in prior years. Excellent profitability (8.4) with operating gains in each of the last five years.
Other Rating Factors:
Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business:
--
Licensed in:
CA
Principal Enrollment Breakdown:
--