Major Rating Factors: Excellent profitability (9.9 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years. Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Other Rating Factors: Excellent overall results on stability tests (7.7) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: AR
Principal Enrollment Breakdown: --