Major Rating Factors: Good overall profitability index (6.8 on a scale of 0 to 10) despite a decline in earnings during 2021. Good quality investment portfolio (6.7) containing junk bond exposure equal to 71.1% of capital. Good overall results on stability tests (5.9).
Other Rating Factors: Excellent overall capitalization (9.7) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (8.3) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: PA
Principal Enrollment Breakdown: --