HERMANN SONS LIFE
Major Rating Factors:
Low quality investment portfolio (1.5 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to moderate junk bond exposure. Weak profitability (0.7) with operating losses during 2023. Weak Liquidity (0.1) as a spike in claims or a run on policy withdrawals may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (1.1) including weak risk adjusted capital in prior years and negative cash flow from operations for 2023. Fair capitalization (3.8) based on fair risk adjusted capital (moderate loss scenario).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
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
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Phone Number
(210) 226-9261
NAIC Number
57444
Website
Largest Affiliates
No affiliate information available.