Major Rating Factors: Fair overall results on stability tests (4.3 on a scale of 0 to 10) based on inordinate decline in capital during 2021. Excellent capitalization (6.9) based on good current risk-adjusted capital (severe loss scenario). Excellent profitability (7.2) despite a decline in earnings during 2021.
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: --