Major Rating Factors:
Weak profitability index (0.7 on a scale of 0 to 10) with 93.3 million in losses in the last four years. Average return on equity over the last five years has been poor at -23.4%. Fair overall results on stability tests (2.9) based on a significant -57% decrease in enrollment during the period, a steep decline in premium revenue in 2023 and inordinate decline in capital during 2023. Excellent capitalization (7.4) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2022.
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:
--
Licensed in:
All states and GU, PR
Principal Enrollment Breakdown:
--
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
200 Newberry Commons
Etters, PA 17319
Etters, PA 17319
Phone Number
(330) 405-8089
NAIC Number
12747
Website
Largest Affiliates
No affiliate information available.