Major Rating Factors: Good quality investment portfolio (6.3 on a scale of 0 to 10) despite large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Good overall profitability (6.9). Return on equity has been fair, averaging 6.3%. Good liquidity (6.7).
Other Rating Factors: Good overall results on stability tests (5.8) despite excessive premium growth good operational trends and excellent risk diversification. Strong capitalization (7.3) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. I - Past results on our Investment Safety Index. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Group annuities (66.7%), group life (7.0%), group health (4.8%), ind annuities (0.6%), ind health (0.6%), other (20.3%)
Licensed in: All states, the District of Columbia and Puerto Rico