Major Rating Factors:
Good quality investment portfolio (6.3 on a scale of 0 to 10) 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 (6.7) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair overall results on stability tests (4.9).
Other Rating Factors:
Strong capitalization (7.8) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (8.1) with operating gains in each of the last five years.
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:
Ind annuities (39.3%), group annuities (37.7%), group life (18.9%), other (4.1%)
Licensed in:
All states, the District of Columbia and Puerto Rico