Major Rating Factors: Good quality investment portfolio (6.6 on a scale of 0 to 10) containing significant exposure to junk bonds. Excellent profitability (8.1) with operating gains in each of the last five years. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years.
Other Rating Factors: Excellent overall results on stability tests (8.7) based on consistent premium and capital growth in the last five years, steady enrollment growth, averaging 7% over the past five years. Rating is significantly influenced by the strong financial results of Elevance Health Inc. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: KY
Principal Enrollment Breakdown: --