Major Rating Factors:
Poor current capitalization (1.0 on a scale of 0 to 10) based on excessive policy leverage and weak risk adjusted capital (severe loss scenario), although results have slipped from the fair range over the last year. Weak profitability (0.8) with operating losses during 2022. Return on equity has been low, averaging -65.9%. Weak Liquidity (0.4).
Other Rating Factors:
Fair overall results on stability tests (4.0) including weak risk adjusted capital in prior years and negative cash flow from operations for 2022. Good quality investment portfolio (5.4).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (100.0%)
Licensed in:
All states except AK, CA, DC, FL, HI, ID, ME, MN, NH, NY, RI, VT, WA, PR
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
CIGNA Corp
Investment Rating
Company Address
1300 East Ninth Street
Cleveland, OH 44114
Cleveland, OH 44114
Phone Number
(512) 451-2224
NAIC Number
61727
Largest Affiliates