Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2017, 2018 and 2021. Weak overall results on stability tests (2.8) based on inordinate decline in capital during 2021. Rating is significantly influenced by the strong financial results of Baylor Scott & White Holdings. Excellent capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2017.
Other Rating Factors:
Excellent quality investment portfolio (9.5) containing small junk bond exposure. Excellent liquidity (7.3) 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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