Major Rating Factors: Good overall profitability index (6.6 on a scale of 0 to 10) despite a decline in earnings during 2021. Good overall results on stability tests (6.2) based on steady enrollment growth, averaging 6% over the past five years. Rating is significantly influenced by the strong financial results of The Cigna Group. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent overall capitalization (8.3) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Weak quality investment portfolio (2.4).
Principal Lines of Business: --
Licensed in: NJ, PA
Principal Enrollment Breakdown: --