Major Rating Factors:
Fair overall results on stability tests (4.6 on a scale of 0 to 10) including negative cash flow from operations for 2022. Good Liquidity (6.3) with sufficient resources to handle a spike in claims. Weak profitability (1.9). Return on equity has been low, averaging -6.1%.
Other Rating Factors:
Strong capitalization (7.7) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (7.2).
Stability Factors:
F - Negative cash flow.
Principal Lines of Business:
Group health (54.1%), group life (45.3%), other (0.7%)
Licensed in:
All states except NY, RI, VT, PR