Major Rating Factors:
Good overall profitability index (6.2 on a scale of 0 to 10) despite operating losses during 2020. Good overall results on stability tests (5.3) despite excessive capital growth during 2022, rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated. Excellent capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020.
Other Rating Factors:
Excellent quality investment portfolio (7.1) containing small junk bond exposure. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
DE, IL, MN
Principal Enrollment Breakdown:
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