Major Rating Factors: Good overall results on stability tests (5.8 on a scale of 0 to 10). Stability strengths include good operational trends and excellent risk diversification. Good quality investment portfolio (6.4) 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 (6.5) although investment income, in comparison to reserve requirements, is below regulatory standards.
Other Rating Factors: Good liquidity (6.6). Strong capitalization (7.4) 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.
Principal Lines of Business: Group annuities (57.7%), group life (8.5%), group health (5.5%), ind annuities (2.3%), ind health (0.8%), other (25.2%)
Licensed in: All states, the District of Columbia and Puerto Rico