Major Rating Factors: Fair current capitalization (4.0 on a scale of 0 to 10) based on excellent risk adjusted capital (severe loss scenario) reflecting improvement over results in 2017. Fair overall results on stability tests (4.0). Good quality investment portfolio (5.8) despite large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low.
Other Rating Factors: Excellent profitability (8.0). Excellent liquidity (7.3).
Stability Factors: I - Past results on our Investment Safety Index.
Principal Lines of Business: Ind annuities (95.4%), group annuities (2.4%), other (2.2%)
Licensed in: All states except NY, PR