Major Rating Factors:
Good overall profitability index (6.4 on a scale of 0 to 10) with operating gains in each of the last five years. Good quality investment portfolio (5.2) containing junk bond exposure equal to 64.0% of capital. Good overall results on stability tests (6.3) based on consistent premium and capital growth in the last five years but inconsistent enrollment growth in the past five years due to declines in 2020 and 2021.
Other Rating Factors:
Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
GA, IN, MI, NC, OH, PA, SC, WI, WV
Principal Enrollment Breakdown:
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