Major Rating Factors:
Excellent profitability (9.2 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent capitalization (8.8) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2017. Excellent quality investment portfolio (8.5).
Other Rating Factors:
Excellent overall results on stability tests (7.1) based on steady enrollment growth, averaging 7% over the past five years, consistent premium and capital growth in the last five years. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
MI
Principal Enrollment Breakdown:
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