Accendo Ins Co
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 309.9 million in losses in the last three years. Average return on equity over the last five years has been poor at -50.0%. Weak overall results on stability tests (2.5) based on excessive premium growth during 2022, an excessive 42% enrollment growth during the period. Rating is significantly influenced by the strong financial results of CVS Health Corporation. Excellent overall capitalization (7.9) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (8.0) containing small junk bond exposure. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
All states
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
CVS Health Corporation
Investment Rating
Company Address
3148 West 3500 South
West Valley City, UT 84119
West Valley City, UT 84119
Phone Number
(615) 807-7500
NAIC Number
63444
Largest Affiliates