PROTECTIVE LIFE INS CO
Major Rating Factors:
Good current capitalization (6.8 on a scale of 0 to 10) based on good risk adjusted capital (severe loss scenario), although results have slipped from the excellent range over the last year. Good quality investment portfolio (6.3) 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 overall profitability (5.7).
Other Rating Factors:
Fair Liquidity (4.8). Fair overall results on stability tests (3.8).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group health (1.6%), group life (1.4%), ind health (0.4%), other (96.5%)
Licensed in:
All states except NY