MIDLAND NATIONAL LIFE INS CO
Major Rating Factors:
Good Liquidity (5.1 on a scale of 0 to 10) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair quality investment portfolio (4.1) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 76% of capital. Fair overall results on stability tests (4.8).
Other Rating Factors:
Strong capitalization (7.1) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (8.8) with operating gains in each of the last five years.
Stability Factors:
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (34.8%), group annuities (15.1%), group life (0.7%), other (49.4%)
Licensed in:
All states except NY