Major Rating Factors:
Weak profitability index (0.7 on a scale of 0 to 10) with 112.0 million in losses in the last five years. Average return on equity has been extremely poor. Weak overall results on stability tests (1.6) based on a significant -68% decrease in enrollment during the period, a steep decline in premium revenue in 2022. Weak liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors:
Good capitalization index (5.6) 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. Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business:
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Licensed in:
FL
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
P.O. Box 260430
Miami, FL 33126
Miami, FL 33126
Phone Number
(786) 584-4600
NAIC Number
16177
Website
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Largest Affiliates
No affiliate information available.