Major Rating Factors:
Excellent overall capitalization (10.0 on a scale of 0 to 10) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (9.8) with ample operational cash flow and liquid investments.
Other Rating Factors:
Weak profitability index (0.6) with operating losses during 2019, 2020, 2021 and 2023. Average return on equity over the last five years has been poor at -13.8%. Weak overall results on stability tests (1.5) based on a steep decline in capital during 2023. Rating is significantly influenced by the strong financial results of Health Care Service Corporation.
Principal Lines of Business:
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Licensed in:
NY
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
Health Care Service Corporation
Investment Rating
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Company Address
300 East Randolph Street
Chicago, IL 60601
Chicago, IL 60601
Phone Number
(312) 653-6000
NAIC Number
34720
Website
Largest Affiliates