Major Rating Factors:
Weak overall results on stability tests (2.8 on a scale of 0 to 10) in spite of healthy premium and capital growth during 2023. Rating is significantly influenced by the strong financial results of CareSource. Good overall profitability index (5.2) despite operating losses during 2022. Excellent overall capitalization (7.4) based on excellent current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent quality investment portfolio (9.7) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (9.8) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
NC
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
CareSource
Investment Rating
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Company Address
230 North Main Street
Dayton, OH 45402
Dayton, OH 45402
Phone Number
(937) 224-3300
NAIC Number
17366
Website
Largest Affiliates