Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10). Potentially strong support from affiliation with Ascension Health Alliance. Weak profitability index (0.9) with operating losses during 2018 and 2021. Average return on equity over the last five years has been poor at -0.3%. Excellent capitalization (7.5) based on good current risk-adjusted capital (severe loss scenario). However, capital levels have fluctuated somewhat during past years.
Other Rating Factors:
Excellent quality investment portfolio (9.9) 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:
AK, AZ, DC, DE, ID, IL, IN, KS, LA, MI, ND, NE, NM, OH, OR, SC, SD, TN, TX, UT, VA, WI
Principal Enrollment Breakdown:
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