Major Rating Factors:
Good overall results on stability tests (6.5 on a scale of 0 to 10). Rating is significantly influenced by the strong financial results of Elevance Health Inc. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (8.5) despite a decline in earnings during 2022.
Other Rating Factors:
Excellent capitalization (8.1) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2018. Excellent quality investment portfolio (7.5) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
FL
Principal Enrollment Breakdown:
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