B
MADISON NATIONAL LIFE INS CO INC
MadisonWI
Rating Date
July 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair overall results on stability tests (4.0 on a scale of 0 to 10) including excessive premium growth. Strong overall capitalization (9.3) based on excellent risk adjusted capital (severe loss scenario). However, capital levels have fluctuated somewhat during past years. High quality investment portfolio (8.0) despite minimal exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds.
Other Rating Factors: Excellent profitability (7.7) with operating gains in each of the last five years. Excellent Liquidity (7.3).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Other (100%)
Licensed in: All states except 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
Geneve Holdings Inc
Investment Rating
HMN
Company Address
1241 John Q Hammons Drive
Madison, WI 53717
Phone Number
(800) 356-9601
NAIC Number
65781
Largest Affiliates
B
SPRINGFIELD, IL - L&A
B
Springfield, IL - P&C
U
B
Springfield, IL - P&C
B
Springfield, IL - P&C