Major Rating Factors: Good quality investment portfolio (5.6 on a scale of 0 to 10) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Strong capitalization (9.2) based on excellent risk adjusted capital (severe loss scenario). Furthermore, this high level of risk adjusted capital has been consistently maintained over the last five years. Excellent profitability (9.0) with operating gains in each of the last five years.
Other Rating Factors: Excellent liquidity (7.3). Excellent overall results on stability tests (7.9) excellent operational trends and excellent risk diversification.
Stability Factors: I - Past results on our Investment Safety Index.
Principal Lines of Business: Ind health (86.8%), group health (13.2%)
Licensed in: All states except PR