B
AMERICAN UNITED LIFE INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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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
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
Investments in Affiliates
Corporate Info
Group Affiliation
American United Life Group
Investment Rating
--
Company Address
ONE AMERICAN SQUARE
INDIANAPOLIS, IN 46282
Phone Number
(317) 285-1877
NAIC Number
60895
Largest Affiliates
C
INDIANAPOLIS, IN - L&A
Weiss Ratings