UNION FIDELITY LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (3.5 on a scale of 0 to 10) including fair financial strength of affiliated General Electric Corp Group and negative cash flow from operations for 2024. Good quality investment portfolio (6.1) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good overall profitability (6.4) although investment income, in comparison to reserve requirements, is below regulatory standards.
Other Rating Factors:
Strong capitalization (7.7) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (8.3).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
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 (98.1%), group life (1.7%), other (0.2%)
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
General Electric Corp Group
Investment Rating
Company Address
7101 College Blvd Ste 1400
Overland Park, KS 66211
Overland Park, KS 66211
Phone Number
(913) 982-3700
NAIC Number
62596
Website
Largest Affiliates