Major Rating Factors: Good overall results on stability tests (5.2 on a scale of 0 to 10) despite negative cash flow from operations for 2021. Strengths include good financial support from affiliation with Assurity Group Inc, good operational trends and good risk diversification. Low quality investment portfolio (2.1). Weak profitability (2.8).
Other Rating Factors: Strong capitalization (7.1) based on excellent risk adjusted capital (severe loss scenario). Excellent liquidity (7.0).
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. F - Negative cash flow. I - Past results on our Investment Safety Index.
Principal Lines of Business: Ind health (88.5%), credit life (11.5%)
Licensed in: NY