Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2021 and 2022. Weak quality investment portfolio (0.6) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Weak overall results on stability tests (2.3) in spite of healthy premium and capital growth during 2023 but poor risk diversification due to the company's size and a significant -100% decrease in enrollment during the period.
Other Rating Factors:
Excellent overall capitalization (7.4) based on excellent current risk-adjusted capital (severe loss scenario). Excellent liquidity (8.6) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
NJ
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
343 Thornall Street
Edison, NJ 08837
Edison, NJ 08837
Phone Number
(844) 888-4400
NAIC Number
16742
Largest Affiliates
No affiliate information available.