Major Rating Factors:
Fair overall results on stability tests (4.3 on a scale of 0 to 10). Strong overall capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario). However, capital levels have fluctuated somewhat during past years. High quality investment portfolio (7.2) despite large exposure to mortgages . Mortgage default rate has been low. substantial holdings of BBB bonds in addition to no exposure to junk bonds.
Other Rating Factors:
Excellent profitability (7.7) with operating gains in each of the last five years. Excellent Liquidity (7.0).
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (65.9%), group life (5.6%), other (28.5%)
Licensed in:
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Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
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Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
119 N Salisbury St Floor 10
Raleigh, NC 27603
Raleigh, NC 27603
Phone Number
(919) 839-5084
NAIC Number
14924
Website
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Largest Affiliates
No affiliate information available.