Major Rating Factors: Good current capitalization (6.9 on a scale of 0 to 10) based on mixed results -- excessive policy leverage mitigated by good risk adjusted capital (severe loss scenario), although results have slipped from the excellent range over the last year. Good Liquidity (6.1) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair quality investment portfolio (4.9).
Other Rating Factors: Fair overall results on stability tests (4.4). Weak profitability (2.8) with operating losses during 2022.
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: --
Licensed in: All states, the District of Columbia and Puerto Rico