Major Rating Factors:
Weak capitalization index (0.4 on a scale of 0 to 10) based on weak current risk-adjusted capital (severe loss scenario). Furthermore, this low level of risk-adjusted capital has been consistent in previous years. Fair overall results on stability tests (2.9) based on inordinate decline in capital during 2021. Good overall profitability index (5.9) despite a decline in earnings during 2021.
Other Rating Factors:
Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
--
Licensed in:
CA
Principal Enrollment Breakdown:
--