Major Rating Factors:
Fair overall results on stability tests (4.7 on a scale of 0 to 10) based on a significant -25% decrease in enrollment during the period. Potentially strong support from affiliation with Baylor Scott & White Holdings. Good overall profitability index (5.5) despite a decline in earnings during 2021. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (9.4) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (8.9) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
TX
Principal Enrollment Breakdown:
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