Major Rating Factors:
Excellent profitability (7.2 on a scale of 0 to 10) despite a decline in earnings during 2021. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent overall results on stability tests (7.2) based on consistent premium and capital growth in the last five years.
Other Rating Factors:
Good quality investment portfolio (6.5) containing significant exposure to junk bonds. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
OR, WA
Principal Enrollment Breakdown:
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