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A.M. Best Co.
A.M. Best Affirms and Assigns Ratings to AMERIGROUP Corporation's HMO Subsidiaries
September 19th, 2008
A.M. Best Co. has affirmed and assigned financial strength ratings (FSR) and issuer credit ratings (ICR) to the health maintenance organization (HMO) subsidiaries of AMERIGROUP Corporation (AMERIGROUP) (headquartered in Virginia Beach, VA) (NYSE: AGP). (Please see below for a detailed listing of the companies and ratings.) AMERIGROUP's HMO ratings reflect the companies' adequate level of capitalization, positive underwriting performance and relatively consistent operating results attributable to favorable medical loss ratios. Offsetting these positive rating factors are a reliance on government-sponsored programs, which A.M. Best believes could pose future profitability...
Source: Health Business Week (2008-09-19)
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