Major Rating Factors:
Good overall results on stability tests (6.0 on a scale of 0 to 10) despite rapid enrollment growth during the past five years, excessive capital growth during 2021. Potentially strong support from affiliation with CareSource. Excellent profitability (7.3) with operating gains in each of the last five years. Excellent capitalization (7.6) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020.
Other Rating Factors:
Excellent quality investment portfolio (9.6) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
IN
Principal Enrollment Breakdown:
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