Major Rating Factors:
Excellent capitalization (7.5 on a scale of 0 to 10) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2018. Excellent quality investment portfolio (7.8) containing small junk bond exposure. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Other Rating Factors:
Good overall profitability index (6.2) despite a decline in earnings during 2022. Good overall results on stability tests (6.5) based on consistent premium and capital growth in the last five years.
Principal Lines of Business:
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Licensed in:
TX
Principal Enrollment Breakdown:
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