Major Rating Factors:
Good capitalization (6.6 on a scale of 0 to 10) based on fair current risk-adjusted capital (severe loss scenario) reflecting some improvement over results in 2021. Excellent profitability (8.1) with operating gains in each of the last five years. Excellent overall results on stability tests (8.5) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated.
Other Rating Factors:
Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Weak quality investment portfolio (2.2) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business:
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Licensed in:
LA
Principal Enrollment Breakdown:
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