Major Rating Factors:
Fair quality investment portfolio (4.0 on a scale of 0 to 10). Fair overall results on stability tests (4.5) based on an excessive 31% enrollment growth during the period, inordinate decline in capital during 2021. Rating is significantly influenced by the acceptable financial results of Molina Healthcare Inc. Excellent profitability (7.5) despite a decline in earnings during 2021.
Other Rating Factors:
Excellent capitalization (8.1) based on good current risk-adjusted capital (severe loss scenario). However, capital levels have fluctuated somewhat during past years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
--
Licensed in:
ID, UT
Principal Enrollment Breakdown:
--