Major Rating Factors: Fair quality investment portfolio (3.7 on a scale of 0 to 10). Good overall results on stability tests (5.8) despite excessive capital growth during 2021. Rating is significantly influenced by the strong financial results of Elevance Health Inc. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent profitability (8.0) with operating gains in each of the last five years. Excellent capitalization index (8.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: TN
Principal Enrollment Breakdown: --