Major Rating Factors:
Good capitalization index (5.3 on a scale of 0 to 10) based on fair current risk-adjusted capital (severe loss scenario). Good overall results on stability tests (5.6) based on healthy premium and capital growth during 2021. Rating is significantly influenced by the strong financial results of Louisiana Health Service and Indemnity Co. Weak profitability index (1.5) with modest operating losses during 2019 and 2021.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
AR
Principal Enrollment Breakdown:
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