Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2017, 2018, 2019 and 2021. Good overall results on stability tests (5.4) despite fair risk-adjusted capital in prior years. Potentially strong support from affiliation with Baylor Scott & White Holdings. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization (7.9) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2018. Excellent quality investment portfolio (8.9) containing small junk bond exposure.
Principal Lines of Business:
--
Licensed in:
TX
Principal Enrollment Breakdown:
--