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). Weak overall results on stability tests (0.0) including excessive premium growth, weak results on operational trends and weak policy risk diversification. Good quality investment portfolio (6.4).
Other Rating Factors: Good overall profitability (5.2). Excellent liquidity (10.0).
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. G - Fast asset or premium growth. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Group annuities (22.6%), other (77.4%)
Licensed in: DE, SD, TX