SecurityCare of Tennessee Inc
Major Rating Factors:
Good overall capitalization (6.8 on a scale of 0 to 10) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (9.6) containing small junk bond exposure. Excellent liquidity (10.0) with ample operational cash flow and liquid investments.
Other Rating Factors:
Weak profitability index (1.0) with modest operating losses during 2019, 2020 and 2021. Return on equity has been low, averaging 0.7% over the last five years. Weak overall results on stability tests (1.2) based on an excessive 36% enrollment growth during the period. Rating is significantly influenced by the strong financial results of BlueCross BlueShield of Tennessee Inc.
Principal Lines of Business:
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Licensed in:
TN
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
BlueCross BlueShield of Tennessee Inc
Investment Rating
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Company Address
One Cameron Hill Circle
Chattanooga, TN 37402
Chattanooga, TN 37402
Phone Number
(423) 535-3865
NAIC Number
15005
Website
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Largest Affiliates
