B
SECURITY LIFE OF DENVER INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Good capitalization (5.4 on a scale of 0 to 10) based on good risk adjusted capital (moderate loss scenario). Fair quality investment portfolio (3.7) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 69% of capital. Fair overall results on stability tests (3.6) including weak results on operational trends, negative cash flow from operations for 2022 and fair risk adjusted capital in prior years.
Other Rating Factors: Weak profitability (1.9). Weak Liquidity (2.5).
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 (1.8%), group annuities (0.1%), other (98.1%)
Licensed in: All states, the District of Columbia and Puerto Rico
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
Voya Financial Inc
Investment Rating
--
Company Address
8055 EAST TUFTS AVENUE STE 710
DENVER, CO 80231
Phone Number
(929) 521-7921
NAIC Number
68713
Largest Affiliates
B
INDIANAPOLIS, IN - L&A
Weiss Ratings