Major Rating Factors: Fair overall results on stability tests (3.0 on a scale of 0 to 10). Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (7.8) despite a decline in earnings during 2021.
Other Rating Factors: Excellent capitalization (7.7) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2017. Excellent quality investment portfolio (7.5) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: FL
Principal Enrollment Breakdown: --