Major Rating Factors:
Good quality investment portfolio (5.8 on a scale of 0 to 10) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to minimal holdings in junk bonds. Good Liquidity (5.4) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Good overall results on stability tests (6.4) excellent operational trends and excellent risk diversification.
Other Rating Factors:
Fair profitability (4.9) with operating losses during 2022. Strong capitalization (7.8) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
Principal Lines of Business:
Group life (19.9%), group health (12.7%), ind health (1.5%), other (65.9%)
Licensed in:
All states except NY
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
Boston Mutual Group
Investment Rating
--
Company Address
120 Royall Street
Canton, MA 02021
Canton, MA 02021
Phone Number
(781) 828-7000
NAIC Number
61476
Website
Largest Affiliates