Major Rating Factors:
Excellent capitalization index (10.0 on a scale of 0 to 10) based on good current risk-adjusted capital (severe loss scenario). Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (9.0) with ample operational cash flow and liquid investments.
Other Rating Factors:
Weak profitability index (1.5) with modest operating losses during 2021 and 2022. Weak overall results on stability tests (2.0) based on a decline in the number of member physicians during 2022. Rating is significantly influenced by the excellent financial results of Trinity Health Corporation.
Principal Lines of Business:
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Licensed in:
NY
Principal Enrollment Breakdown:
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