Major Rating Factors:
Good overall profitability index (5.2 on a scale of 0 to 10) despite operating losses during 2018 and 2019. Good quality investment portfolio (6.5) containing significant exposure to junk bonds. Good overall results on stability tests (5.3). Rating is significantly influenced by the weak financial results of UnitedHealth Group Incorporated.
Other Rating Factors:
Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization index (9.2) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business:
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Licensed in:
NJ
Principal Enrollment Breakdown:
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