Major Rating Factors:
Good current capitalization (5.9 on a scale of 0 to 10) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario) reflecting improvement over results in 2019. Good quality investment portfolio (6.2) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good Liquidity (5.6).
Other Rating Factors:
Good overall results on stability tests (5.4) excellent operational trends and excellent risk diversification. Excellent profitability (9.5) with operating gains in each of the last five years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind health (66.8%), group health (33.1%)
Licensed in:
All states, the District of Columbia and Puerto Rico