Major Rating Factors: Fair overall results on stability tests (3.4 on a scale of 0 to 10). Rating is significantly influenced by the acceptable financial results of PREMERA. Weak profitability index (1.8) due to a decline in earnings during 2021. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent quality investment portfolio (8.8) containing small junk bond exposure. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: WA
Principal Enrollment Breakdown: --