Major Rating Factors:
Fair profitability index (3.2 on a scale of 0 to 10) due to a decline in earnings during 2022. Return on equity has been low, averaging 3.1% over the last five years. Good overall results on stability tests (5.7) based on consistent premium and capital growth in the last five years. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization index (7.5) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.9) containing small junk bond exposure.
Principal Lines of Business:
--
Licensed in:
WI
Principal Enrollment Breakdown:
--