Major Rating Factors:
Weak quality investment portfolio (0.0 on a scale of 0 to 10) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Good overall results on stability tests (5.4). Potentially strong support from affiliation with CVS Health Corporation. Excellent profitability (7.2) despite a decline in earnings during 2021.
Other Rating Factors:
Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
All states and GU, MP, PR, VI
Principal Enrollment Breakdown:
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