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
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
Assurity Group Inc
Investment Rating
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Company Address
121 STATE ST
ALBANY, NY 12207
ALBANY, NY 12207
Phone Number
(402) 476-6500
NAIC Number
15940
Website
Largest Affiliates
