Major Rating Factors: Good capitalization (5.6 on a scale of 0 to 10) based on good risk adjusted capital (severe loss scenario). Capital levels have been relatively consistent over the last five years. Good quality investment portfolio (6.2) 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. Good overall profitability (6.8).
Other Rating Factors: Good liquidity (5.5). Good overall results on stability tests (5.6) excellent operational trends and excellent risk diversification.
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. C - Past results on our Risk-Adjusted Capital tests. I - Past results on our Investment Safety Index. L - Past results on our liquidity tests.
Principal Lines of Business: Ind annuities (44.7%), group annuities (21.8%), group health (11.9%), group life (3.7%), other (17.9%)
Licensed in: All states except NY