Major Rating Factors: Fair overall results on stability tests (4.5 on a scale of 0 to 10) based on a significant -19% decrease in enrollment during the period. Good quality investment portfolio (5.9) containing junk bond exposure equal to 97.0% of capital. Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent overall capitalization (8.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Weak profitability index (1.8) with 7.6 million in losses in the last two years.
Principal Lines of Business: --
Licensed in: IN
Principal Enrollment Breakdown: --