Care Improvement Plus South
Major Rating Factors:
Excellent profitability (9.6 on a scale of 0 to 10) despite a decline in earnings during 2021. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital has steadily grown over the last five years. Excellent quality investment portfolio (9.4) containing small junk bond exposure.
Other Rating Factors:
Excellent overall results on stability tests (6.9) based on consistent premium and capital growth in the last five years. Rating is 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.
Principal Lines of Business:
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Licensed in:
All states except CA, WI
Principal Enrollment Breakdown:
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