MERIT LIFE INS CO
Major Rating Factors:
Weak profitability (0.2 on a scale of 0 to 10) with operating losses during 2023. Weak overall results on stability tests (0.4) including negative cash flow from operations for 2023. Fair overall capitalization (4.0) based on excellent risk adjusted capital (severe loss scenario). Nevertheless, capital levels have fluctuated during prior years.
Other Rating Factors:
Good quality investment portfolio (6.3). Good Liquidity (6.4).
Stability Factors:
F - Negative cash flow.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
All states except AK, MA, NH, 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
601 NW 2ND ST
OKLAHOMA CITY, OK 73102
OKLAHOMA CITY, OK 73102
Phone Number
(800) 325-2147
NAIC Number
65951
Website
Largest Affiliates
No affiliate information available.