Major Rating Factors: Excellent overall capitalization (9.0 on a scale of 0 to 10) based on good current risk-adjusted capital (severe loss scenario). Furthermore, this high level of risk-adjusted capital has been consistently maintained in previous years. Good overall profitability index (6.0) despite operating losses during 2018. Good quality investment portfolio (5.3) containing significant exposure to junk bonds.
Other Rating Factors: Good overall results on stability tests (6.3) despite excessive capital growth during 2021. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: TN
Principal Enrollment Breakdown: --