NORTH AMERICAN CO FOR LIFE & H INS
Major Rating Factors:
Fair quality investment portfolio (3.9 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 68% of capital. Fair Liquidity (4.9) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims or a run on policy withdrawals. Fair overall results on stability tests (3.1) including excessive premium growth and negative cash flow from operations for 2023.
Other Rating Factors:
Good capitalization (6.3) based on good risk adjusted capital (moderate loss scenario). Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
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:
Other (100%)
Licensed in:
All states except NY
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
Sammons Enterprises Inc
Investment Rating
--
Company Address
4350 Westown Parkway
West Des Moines, IA 50266
West Des Moines, IA 50266
Phone Number
(515) 440-5500
NAIC Number
66974
Largest Affiliates