Bright Health Ins Co of FL
Major Rating Factors:
Weak profitability index (0.0 on a scale of 0 to 10) with 420.9 million in losses in the last two years. Weak capitalization index (0.8) based on weak current risk-adjusted capital (severe loss scenario). Weak overall results on stability tests (1.7) based on an excessive 970% enrollment growth during the period, excessive capital growth during 2021.
Other Rating Factors:
Weak liquidity (2.1) as a spike in claims may stretch capacity. Excellent quality investment portfolio (9.0) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
FL
Principal Enrollment Breakdown:
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