Major Rating Factors:
Good overall results on stability tests (6.1 on a scale of 0 to 10). Rating is significantly influenced by the strong financial results of Medica Holding Co. Fair profitability index (3.9) with operating losses during 2021. Return on equity has been fair, averaging 7.2% over the last five years. Excellent capitalization index (8.1) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (9.2) containing small junk bond exposure. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
WI
Principal Enrollment Breakdown:
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