Major Rating Factors:
Weak profitability index (0.7 on a scale of 0 to 10) with 226.3 million in losses in the last two years. Fair overall capitalization (4.2) based on weak current risk-adjusted capital (severe loss scenario) as results have slipped from the excellent range over the last year. Fair overall results on stability tests (3.3) based on excessive capital growth during 2021.
Other Rating Factors:
Good quality investment portfolio (6.3) containing significant exposure to junk bonds. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
WA
Principal Enrollment Breakdown:
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