Major Rating Factors:
Good overall results on stability tests (5.1 on a scale of 0 to 10) based on healthy premium and capital growth during 2022. Potential support from affiliation with Wheaton Management LLC. Excellent profitability (8.4) with operating gains in each of the last five years. Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years.
Other Rating Factors:
Excellent quality investment portfolio (7.8) containing small junk bond exposure. Excellent liquidity (8.8) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
AL, GA, LA, MI, MS, OH, OK, PA, SC, TX, VA
Principal Enrollment Breakdown:
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