Major Rating Factors:
Weak profitability (2.1 on a scale of 0 to 10) with operating losses during 2024. Weak Liquidity (2.2) based on large exposure to policies that are subject to policyholder withdrawals with minimal or no penalty. Weak overall results on stability tests (1.7).
Other Rating Factors:
Fair quality investment portfolio (4.9). Good capitalization (6.9) based on good risk adjusted capital (severe loss scenario).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (39.6%), ind health (0.6%), other (59.9%)
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
None
Investment Rating
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Company Address
8811 Peach St
Erie, PA 16509
Erie, PA 16509
Phone Number
(800) 234-5222
NAIC Number
56758
Website
Largest Affiliates
No affiliate information available.