NORTH AMERICAN CO FOR LIFE & H INS
Major Rating Factors:
Good capitalization (6.3 on a scale of 0 to 10) based on good risk adjusted capital (moderate loss scenario). Moreover, capital levels have been consistent over the last five years. Fair quality investment portfolio (3.7) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 91% of capital. Fair Liquidity (3.6).
Other Rating Factors:
Fair overall results on stability tests (4.5) including negative cash flow from operations for 2022. Excellent profitability (8.5).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (56.8%), group life (1.0%), group annuities (0.7%), other (41.5%)
Licensed in:
All states except NY