Major Rating Factors:
Weak liquidity (0.0 on a scale of 0 to 10) as a spike in claims may stretch capacity. Good capitalization index (6.1) based on fair current risk-adjusted capital (moderate loss scenario). Fair overall results on stability tests (3.8) based on inconsistent enrollment growth in the past five years due to declines in 2020 and 2021.
Other Rating Factors:
Excellent profitability (7.3) despite a decline in earnings during 2021.
Principal Lines of Business:
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Licensed in:
CA
Principal Enrollment Breakdown:
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