Major Rating Factors:
Good profitability index (5.0 on a scale of 0 to 10) despite modest operating losses during 2018. Good overall results on stability tests (5.2) despite a decline in enrollment during 2022. Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated. 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 (9.8) 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:
NY
Principal Enrollment Breakdown:
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