Major Rating Factors: Good overall profitability index (5.1 on a scale of 0 to 10) despite a decline in earnings during 2021. Good overall results on stability tests (5.1). Rating is significantly influenced by the strong financial results of Texas Health + Aetna Health Ins Holding Co LLC. 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 (9.3) containing small junk bond exposure. Excellent liquidity (9.9) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: TX
Principal Enrollment Breakdown: --