Major Rating Factors: Good quality investment portfolio (5.8 on a scale of 0 to 10) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good liquidity (6.4) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Good overall results on stability tests (6.5) excellent historical risk adjusted capital and excellent risk diversification.
Other Rating Factors: Strong capitalization (4.0) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (8.2) with operating gains in each of the last five years.
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: Ind health (15.8%), group health (10.9%), ind annuities (1.6%), group life (0.6%), group annuities (0.2%), other (70.9%)
Licensed in: All states except CA, DC, HI, NH, NJ, NY, VT, PR