Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (8.3) with operating gains in each of the last five years. Excellent capitalization (7.1) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021.
Other Rating Factors:
Excellent quality investment portfolio (8.3) containing small junk bond exposure. Excellent overall results on stability tests (7.7) based on steady enrollment growth, averaging 9% over the past five years, consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated.
Principal Lines of Business:
--
Licensed in:
FL
Principal Enrollment Breakdown:
--