Virginia Beach, VA – November 19, 2008 – Optima Health
received an “A+” or “Excellent” financial strength rating from TheStreet.com
Ratings, recognizing its ability to withstand severe economic adversity and showing exceptional financial strength. TheStreet.com is the nation’s leading independent provider of ratings and analyses of financial services companies, mutual funds and stocks.
The rating recognizes Optima Health as an outstanding insurer offering excellent financial stability for its customers, vendors, and employees. Fewer than five percent of the nation’s HMOs and health insurers meet TheStreet.com Ratings’ criteria for exceptional financial strength.
“We are extremely proud of this rating as it demonstrates that we are financially strong and committed to being the leading health insurer in Virginia,” said Michael M. Dudley, president and chief executive officer of Optima Health.
Every quarter TheStreet.com Ratings evaluates the financial strength of more than 15,000 institutions, including life, health,and annuity insurers, property and casualty insurers, HMOs, Blue Cross Blue Shield plans, banks, and savings and loans. Additionally, they track the risk-adjusted performance of more than 12,000 mutual funds and 6,000 stocks.
TheStreet.com Ratings’ proprietary model uses more rigorous standards than other ratings agencies, placing greater emphasis on a company’s future financial solvency and its ability to withstand severe economic adversity. 51/2008