Major Rating Factors:
Good current capitalization (6.8 on a scale of 0 to 10) based on mixed results -- excessive policy leverage mitigated by good risk adjusted capital (severe loss scenario), although results have slipped from the excellent range over the last year. Weak profitability (1.5) with operating losses during 2024. Return on equity has been low, averaging -40.0%. Weak Liquidity (0.5).
Other Rating Factors:
Weak overall results on stability tests (2.5) including negative cash flow from operations for 2024. High quality investment portfolio (7.3).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (98.6%), other (1.4%)
Licensed in:
All states except NY, PR
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
Unum Group
Investment Rating
Company Address
8485 Goodwood Blvd
Portland, ME 04122
Portland, ME 04122
Phone Number
(225) 926-2888
NAIC Number
68985
Website
Largest Affiliates