Major Rating Factors: Good overall profitability index (6.2 on a scale of 0 to 10) despite a decline in earnings during 2021. Good overall results on stability tests (5.8) despite excessive capital growth during 2021. Rating is significantly influenced by the acceptable financial results of Molina Healthcare Inc. Excellent capitalization (8.6) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2018.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: NY
Principal Enrollment Breakdown: --