Major Rating Factors:
Fair profitability index (3.0 on a scale of 0 to 10) with 72.6 million in losses in the last two years. Fair quality investment portfolio (4.7) containing large exposure to common stock. Good overall results on stability tests (6.7) based on steady enrollment growth, averaging 9% over the past five years.
Other Rating Factors:
Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (7.4) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business:
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Licensed in:
MA, RI
Principal Enrollment Breakdown:
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