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Blue Cross & Blue Shield of Nebraska Aug 05
Standard & Poors, Aug 2005
Abstract
Extremely strong capital position Extremely strong earnings Good competitive position Dependence on large clients High geographic concentration The insurer financial strength rating on Blue Cross & Blue Shield of Nebraska (BCBSN) is based on the company's extremely strong capital position and its good competitive position, offset by a high concentration in both market and client risk. BCBSN maintains extremely strong capitalization that has been built up over the years through good underwriting results and strong investment income. Capital adequacy, as measured by Standard & Poor's Ratings Services' capital adequacy model, was 394% at year-end 2004, up from 369% in 2003. The company's superior level of excess reserves relative to required capital allows it significant operating flexibility and growth opportunities. As...
Companies mentioned in this report are: Blue Cross & Blue Shield of Nebraska Inc.,ConAgra Foods Inc.,Blue Cross & Blue Shield of Minnesota,Health Care Service Corp. d/b/a Blue Cross Blue Shield of Illinois, New Mexico, Oklahoma, and Texas,Fort Dearborn Life Insurance Co.,Omaha Life Insurance Co.,Blue Cross & Blue Shield of Wyoming Inc.,Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota)
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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