Major Rating Factors: Fair quality investment portfolio (3.8 on a scale of 0 to 10). Good overall profitability index (5.6) despite operating losses during 2019 and 2020. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2019. Excellent overall results on stability tests (7.7) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of CVS Health Corporation.
Principal Lines of Business: --
Licensed in: IL
Principal Enrollment Breakdown: --