Major Rating Factors:
Good overall profitability index (6.4 on a scale of 0 to 10) despite operating losses during 2020. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization index (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 (8.0) containing small junk bond exposure. Excellent overall results on stability tests (7.4) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of CVS Health Corporation.
Principal Lines of Business:
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Licensed in:
TX
Principal Enrollment Breakdown:
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