Major Rating Factors:
Fair overall results on stability tests (3.2 on a scale of 0 to 10) including negative cash flow from operations for 2022. Good overall capitalization (6.0) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario). However, capital levels have fluctuated somewhat during past years. Weak profitability (1.7) with operating losses during 2022.
Other Rating Factors:
Weak Liquidity (1.2). High quality investment portfolio (7.3).
Stability Factors:
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:
Other (100%)
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