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 weak policy risk diversification. Fair profitability (4.8). Excellent expense controls. Return on equity has been low, averaging 2.4%.
Other Rating Factors: High quality investment portfolio (9.8). Excellent liquidity (9.5).
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: Ind annuities (1.9%), other (98.1%)
Licensed in: AZ, SD