Major Rating Factors:
Fair overall results on stability tests (4.7 on a scale of 0 to 10). Good overall profitability index (6.8) despite a decline in earnings during 2021. Good overall capitalization (6.4) based on fair current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
MI, OH
Principal Enrollment Breakdown:
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