Major Rating Factors:
Weak profitability (2.0 on a scale of 0 to 10). Excellent expense controls. Return on equity has been low, averaging -8.7%. Weak overall results on stability tests (2.7) including excessive premium growth. Fair overall capitalization (4.0) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
Fair quality investment portfolio (4.4). Good Liquidity (6.9).
Stability Factors:
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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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
Independent Life Insurance Company
Investment Rating
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Company Address
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Phone Number
(800) 793-0848
NAIC Number
16354
Website
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Largest Affiliates
No affiliate information available.