Home Credit Ratings and Research S&P Global Ratings’ Credit Research Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota)

Summary: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota)

Published May 10, 2016

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

Leading market share in North Dakota Single-state business profile and commercial-only product profile Operations in highly regulated U.S. health insurance sector and "prior approval" state of North Dakota Capital redundant at the 'AAA' level Small absolute level of statutory capital at $303 million Conservative investment portfolio with minimal exposure to risky assets Strong liquidity position Fair management and governance The stable outlook on Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) reflects S&P Global Ratings' view that, in 2016-2017, the company will generate a pretax statutory operating return on revenue (ROR) of 1%-3% and that our view of its capital and earnings will continue to support the ratings. We could lower the ratings if a decline

Report Type:

Summary

Ticker

16362Z

Issuer

Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota)

GICS

Multi-line Insurance (40301030)

Sector

Global Issuers

Country

United States

Region

United States

Format:

PDF

Research Update: Noridian Mutual Insurance Co. Outlook Revised To Positive From Stable; 'BBB+' Ratings Affirmed – 2017/04/05 – US$ 225.00

Research Update: Noridian Mutual Insurance Co. Upgraded To 'A-' From 'BBB+'; Outlook Stable – 2018/03/09 – US$ 225.00

Summary: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) – 2018/03/20 – US$ 225.00

Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) – 2018/03/20 – US$ 500.00

Blue Cross Blue Shield of North Dakota – 2019/05/15 – US$ 500.00

Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) – 2016/05/10 – US$ 500.00

Summary: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) – 2015/04/22 – US$ 225.00

Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) – 2015/04/22 – US$ 500.00

Research Update: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) Outlook Revised To Stable From Negative – 2015/04/02 – US$ 225.00

Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) – 2014/06/17 – US$ 500.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota)" May 10, 2016. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Noridian-Mutual-Insurance-Co-d-b-a-Blue-Cross-Blue-Shield-of-North-Dakota-1632484>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) May 10, 2016. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Noridian-Mutual-Insurance-Co-d-b-a-Blue-Cross-Blue-Shield-of-North-Dakota-1632484>

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