Major Rating Factors: Excellent profitability (7.7 on a scale of 0 to 10) despite a decline in earnings during 2021. Excellent overall capitalization (8.4) 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. Good quality investment portfolio (6.7) containing significant exposure to junk bonds.
Other Rating Factors: Good overall results on stability tests (5.7). Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: All states except NY, also licensed in AS, GU, MP, VI
Principal Enrollment Breakdown: --