Offsetting these positive rating factors is VBIC’s unfavorable membership trends, which has negatively impacted premium levels over the past several years and has continued through the second quarter of 2012. However, management expects membership and premium growth in the second half of 2012 due to the company’s ongoing strategic growth initiatives, with a focus on sustainable and profitable growth trends going forward.A.M. Best believes that VBIC is well positioned at its current rating level. However, key rating factors that could lead to negative rating actions include unprofitable membership growth leading to deterioration in the company’s operating performance, a decline in its absolute and/or risk-adjusted capital levels without any support from its parent, or adverse changes to VHS’ financial condition.
A.M. Best Upgrades Ratings Of Valley Baptist Insurance Company
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