Major Rating Factors:
Good overall results on stability tests (6.1 on a scale of 0 to 10) 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. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (8.6) despite a decline in earnings during 2021.
Other Rating Factors:
Excellent capitalization (7.6) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2017. Excellent quality investment portfolio (7.9) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
FL
Principal Enrollment Breakdown:
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