EMC NATIONAL LIFE CO
Major Rating Factors:
Good quality investment portfolio (6.5 on a scale of 0 to 10) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Good Liquidity (5.5) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Good overall results on stability tests (6.0) despite negative cash flow from operations for 2022 good operational trends and excellent risk diversification.
Other Rating Factors:
Fair profitability (3.6) with operating losses during 2022. Strong capitalization (7.8) 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:
Other (100%)
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.