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 overall profitability (6.7). Return on equity has been low, averaging 3.2%. Good liquidity (6.1).
Other Rating Factors: Strong capitalization (7.6) based on excellent risk adjusted capital (severe loss scenario). Excellent overall results on stability tests (7.6) excellent operational trends and excellent risk diversification.
Stability Factors: F - Negative cash flow. I - Past results on our Investment Safety Index. T - Significant trends in critical asset, liability, income or expense items.
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Licensed in: All states except CA, DC, HI, NH, NJ, NY, VT, PR