FEDERAL LIFE INS CO
Major Rating Factors:
Weak profitability (1.9 on a scale of 0 to 10) with operating losses during 2022. Return on equity has been low, averaging -11.3%. Weak overall results on stability tests (2.6) including negative cash flow from operations for 2022. Fair quality investment portfolio (4.4) with large holdings of BBB rated bonds in addition to moderate junk bond exposure.
Other Rating Factors:
Fair Liquidity (3.5). Good capitalization (5.7) based on good risk adjusted capital (severe loss scenario).
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group health (73.2%), ind annuities (9.6%), ind health (4.5%), group life (0.8%), group annuities (0.3%), other (11.6%)
Licensed in:
All states except ME, MA, NY, VT, 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
3750 W Deerfield Road
Riverwoods, IL 60015
Riverwoods, IL 60015
Phone Number
(847) 520-1900
NAIC Number
63223
Website
Largest Affiliates
No affiliate information available.