Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2017, 2018, 2019 and 2021. Average return on equity over the last five years has been poor at -20.4%. Weak quality investment portfolio (0.0). Fair overall results on stability tests (4.8).
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (6.9) 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:
NV
Principal Enrollment Breakdown:
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