Major Rating Factors:
Good overall profitability index (6.8 on a scale of 0 to 10) despite a decline in earnings during 2021. Good overall results on stability tests (5.3) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
WI
Principal Enrollment Breakdown:
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