Major Rating Factors: Excellent profitability (9.0 on a scale of 0 to 10) despite a decline in earnings during 2021. Excellent overall capitalization (9.2) 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 liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Good quality investment portfolio (6.6) containing junk bond exposure equal to 76.6% of capital. Fair overall results on stability tests (4.4). Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated.
Principal Lines of Business: --
Licensed in: All states and VI
Principal Enrollment Breakdown: --