Major Rating Factors: Good liquidity (5.8 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. Strong current capitalization (7.4) based on excellent risk adjusted capital (severe loss scenario) reflecting improvement over results in 2020. High quality investment portfolio (7.1).
Other Rating Factors: Excellent profitability (7.6). Excellent overall results on stability tests (7.0) excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Principal Lines of Business: Group annuities (30.7%), group life (14.3%), ind annuities (2.5%), ind health (1.9%), group health (1.1%), other (49.5%)
Licensed in: All states, the District of Columbia and Puerto Rico