Major Rating Factors:
Fair profitability index (4.1 on a scale of 0 to 10) with operating gains in each of the last five years. Good overall results on stability tests (5.1). Rating is influenced by the weak financial results of EmblemHealth Inc. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (7.3) containing small junk bond exposure. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
NY
Principal Enrollment Breakdown:
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