Major Rating Factors:
Fair profitability (4.3 on a scale of 0 to 10). Excellent expense controls. Return on equity has been fair, averaging 8.7%. Fair overall results on stability tests (3.5) including fair risk adjusted capital in prior years. Good overall capitalization (5.1) based on mixed results -- excessive policy leverage mitigated by good risk adjusted capital (severe loss scenario).
Other Rating Factors:
Good quality investment portfolio (6.5). Weak Liquidity (1.5).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (98.4%), group health (1.6%)
Licensed in:
All states except PR