ACCORDIA LIFE & ANNUITY CO
Major Rating Factors:
Fair capitalization (3.7 on a scale of 0 to 10) based on fair risk adjusted capital (moderate loss scenario). Weak profitability (2.2) with operating losses during 2024. Return on equity has been low, averaging -1.2%. Weak overall results on stability tests (2.6) including weak results on operational trends and negative cash flow from operations for 2024.
Other Rating Factors:
Good quality investment portfolio (5.4). Good Liquidity (5.0).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY, 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
Global Atlantic Financial Group
Investment Rating
Company Address
215 10TH STREET SUITE 1100
DES MOINES, IA 50309
DES MOINES, IA 50309
Phone Number
(855) 887-4487
NAIC Number
62200
Website
Largest Affiliates