MINNESOTA LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (3.6 on a scale of 0 to 10). Good quality investment portfolio (5.8) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to small junk bond holdings. Good Liquidity (5.9) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors:
Weak profitability (2.4) with operating losses during 2022. Strong capitalization (7.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group annuities (61.3%), group life (20.6%), group health (8.6%), ind annuities (2.4%), credit health (1.5%), credit life (1.5%), other (4.0%)
Licensed in:
All states except NY