Major Rating Factors:
Fair overall results on stability tests (3.5 on a scale of 0 to 10) based on inordinate decline in capital during 2022, a significant -63% decrease in enrollment during the period. Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated. Excellent profitability (7.9) despite a decline in earnings during 2022. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (7.4) containing small junk bond exposure. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
OK
Principal Enrollment Breakdown:
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