Major Rating Factors: Poor overall capitalization (0.0 on a scale of 0 to 10) based on excessive policy leverage and weak risk adjusted capital (severe loss scenario). Low quality investment portfolio (0.0). Weak overall results on stability tests (0.0) including weak policy risk diversification.
Other Rating Factors: Excellent profitability (7.0) despite modest operating losses during 2017. Excellent liquidity (10.0).
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. D - Limited diversification of general business, policy, and/or investment risk. G - Fast asset or premium growth. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Group annuities (5.0%), ind annuities (0.9%), other (94.0%)
Licensed in: DE, SD, TX