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 (2.2) 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 (5.1) based on fair current risk-adjusted capital (severe loss scenario). 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
5775 Blue Lagoon Drive
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.