Major Rating Factors: Good overall results on stability tests (6.5 on a scale of 0 to 10) despite fair financial strength of affiliated Blackstone Investor Group. Strengths that enhance stability include excellent risk diversification. Weak profitability (2.9) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.4) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors: High quality investment portfolio (8.1). Excellent liquidity (7.6).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. D - Limited diversification of general business, policy, and/or investment risk. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Ind health (97.9%), other (2.1%)
Licensed in: All states except NJ, NY, VT, PR