Major Rating Factors:
Excellent overall profitability index (6.9 on a scale of 0 to 10) despite a decline in earnings during 2022. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario). Furthermore, this high level of risk-adjusted capital has been consistently maintained in previous years. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Other Rating Factors:
Excellent overall results on stability tests (7.7) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of Cambia Health Solutions Inc. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
OR, WA
Principal Enrollment Breakdown:
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