A M Best Co. has assigned a Financial Strength Rating of A- (outlook Stable) and an Issuer Credit Rating of a- (outlook Stable) to Police Health Plan Limited.
The outlook for both ratings is stable. The ratings reflect the captive membership base, low expense ratio and good asset quality.
A M Best Co.'s Financial Strength Rating Scale:
Secure | Vulnerable |
A++, A+ (Superior) A, A- (Excellent) B++, B+ (Good) | B, B- (Fair) C++, C+ (Marginal) C, C- (Weak) D (Poor) E (Under Regulatory Supervision) F (In Liquidation) S (Suspended) NR (Not Rated) |
Solvency and Capital Adequacy (Calculated as of 31 December 2018) | |
Actual Solvency Capital | 32,902,000 |
Minimum Solvency Capital | 6,849,000 |
Solvency Margin | 26,053,000 |
Solvency Ratio | 4.80 |