Major Rating Factors: Fair quality investment portfolio (3.5 on a scale of 0 to 10). Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (9.1) despite a decline in earnings during 2021.
Other Rating Factors: Excellent overall capitalization (9.5) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent overall results on stability tests (8.2) based on steady enrollment growth, averaging 6% over the past five years, consistent premium and capital growth in the last five years.
Principal Lines of Business: --
Licensed in: All states except AK, DE, HI, MA, MI, MN, NJ, PA, RI, VT, WV
Principal Enrollment Breakdown: --