EMC NATIONAL LIFE CO
Major Rating Factors:
Fair profitability (3.2 on a scale of 0 to 10). Return on equity has been low, averaging -1.2%. Fair overall results on stability tests (3.0) including weak results on operational trends and negative cash flow from operations for 2024. Good quality investment portfolio (6.8) despite significant exposure to mortgages . Mortgage default rate has been low. substantial holdings of BBB bonds in addition to minimal holdings in junk bonds.
Other Rating Factors:
Good Liquidity (5.3). Strong capitalization (8.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group life (10.8%), ind annuities (6.4%), ind health (0.7%), other (82.1%)
Licensed in:
All states except NJ, 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
None
Investment Rating
--
Company Address
699 WALNUT ST STE 1100
DES MOINES, IA 50309
DES MOINES, IA 50309
Phone Number
(515) 237-2000
NAIC Number
62928
Website
Largest Affiliates
No affiliate information available.