Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+”, the Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of
Furthermore, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” of the
The ratings of
The ratings of AMERIGROUP reflect the balance sheet strength, which AM Best categorizes weak, as well as its strong operating performance, favorable business profile and appropriate ERM. On a consolidated basis, capitalization for the AMERIGROUP operating entities has increased to over
The ratings of UNICARE reflect the balance sheet strength, which AM Best categorizes adequate, as well as its adequate operating performance, limited business profile and appropriate ERM. On a consolidated basis, capital for the UNICARE operating entities has increased slightly mainly due to positive underwriting and investment income, which outpaced its dividend to the parent. These companies have a weak level of risk-adjusted capital in support of their current business and investment risk. However, they have an adequate overall balance sheet for the size of the operations, and AM Best considers its financial flexibility to be good. Investments are conservative and provide sufficient liquidity to the group. The group has produced good operating results historically, although premiums and earnings have fluctuated. Earnings increased modestly through year-end 2018 after declining the year prior, as a result of a new Medicaid contract in
The ratings of
A complete listing of
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