Major Rating Factors:
Good quality investment portfolio (6.5 on a scale of 0 to 10) containing junk bond exposure equal to 98.1% of capital. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (7.7) despite a decline in earnings during 2022.
Other Rating Factors:
Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent overall results on stability tests (7.9) 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.
Principal Lines of Business:
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Licensed in:
ID, WA
Principal Enrollment Breakdown:
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