AMERICAN UNITED LIFE INS CO
Major Rating Factors:
Good quality investment portfolio (5.4 on a scale of 0 to 10) despite large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Good Liquidity (5.5) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair overall results on stability tests (4.9).
Other Rating Factors:
Weak profitability (2.6) with operating losses during 2022. Strong capitalization (7.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group annuities (86.2%), group health (3.3%), group life (2.8%), ind annuities (0.1%), other (7.5%)
Licensed in:
All states except PR