Major Rating Factors:
Fair overall results on stability tests (4.8 on a scale of 0 to 10) based on fair risk-adjusted capital in prior years. Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (8.0) with operating gains in each of the last five years.
Other Rating Factors:
Excellent capitalization (7.3) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2021. 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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