Major Rating Factors:
Good quality investment portfolio (6.5 on a scale of 0 to 10) containing small junk bond exposure. Good overall results on stability tests (5.8) despite good risk-adjusted capital in prior years. Excellent profitability (7.3) despite a decline in earnings during 2021.
Other Rating Factors:
Excellent capitalization (8.8) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2017. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
TX
Principal Enrollment Breakdown:
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