Bright Health Co of NC
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 161.6 million in losses in the last three years. Good overall results on stability tests (6.6) based on healthy premium and capital growth during 2021. Rating is influenced by the weak financial results of Bright Health Group Inc. Good liquidity (5.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization index (7.4) based on good current risk-adjusted capital (severe loss scenario). Excellent quality investment portfolio (9.1) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
NC
Principal Enrollment Breakdown:
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