Major Rating Factors:
Good liquidity (6.3 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (8.9) despite a decline in earnings during 2021. Excellent overall capitalization (7.9) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent quality investment portfolio (7.9) containing small junk bond exposure. Excellent overall results on stability tests (8.5) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of Elevance Health Inc.
Principal Lines of Business:
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Licensed in:
KY, WI
Principal Enrollment Breakdown:
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