Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.4) with operating losses during 2017 and 2020. Return on equity has been low, averaging 4.1% over the last five years. Excellent overall capitalization (8.1) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (7.7) containing small junk bond exposure. Excellent overall results on stability tests (7.7) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the acceptable financial results of Point32Health Inc.
Principal Lines of Business:
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Licensed in:
AZ, CA, CT, DC, FL, GA, IL, IN, MA, MD, ME, MI, NC, NH, NY, OH, PA, RI, TX, VA, VT
Principal Enrollment Breakdown:
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