Major Rating Factors:
Fair overall capitalization (4.4 on a scale of 0 to 10) based on fair current risk-adjusted capital (severe loss scenario) as results have slipped from the good range over the last three years. Weak profitability index (0.8) with 80.7 million in losses in the last three years. Average return on equity over the last five years has been poor at -18.8%. Fair overall results on stability tests (2.9) based on a significant -15% decrease in enrollment during the period, inordinate decline in capital during 2022.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (6.9) 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 and GU, PR
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
None
Investment Rating
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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.