Major Rating Factors:
Good overall results on stability tests (5.2 on a scale of 0 to 10). Strengths include good financial support from affiliation with Assurity Group Inc, excellent operational trends and good risk diversification. Weak profitability (2.7). Return on equity has been low, averaging -2.6%. Strong capitalization (9.9) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (7.6). Excellent Liquidity (7.0).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Ind health (89.6%), credit life (10.4%)
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