B
STANDARD 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 quality investment portfolio (5.1 on a scale of 0 to 10) despite substantial holdings of BBB bonds in addition to moderate junk bond exposure. Exposure to mortgages is large, but the mortgage default rate has been low. Good overall profitability (5.3) despite operating losses during 2022. Return on equity has been fair, averaging 7.9%. Good Liquidity (6.1).
Other Rating Factors: Good overall results on stability tests (6.5) excellent operational trends and excellent risk diversification. Strong capitalization (7.1) 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 (59.3%), group health (22.0%), ind annuities (13.3%), ind health (3.3%), group life (2.1%)
Licensed in: All states except NY
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
Meiji Yasuda Life Ins Company
Investment Rating
--
Company Address
1100 SOUTHWEST SIXTH AVENUE
PORTLAND, OR 97204
Phone Number
(800) 247-6888
NAIC Number
69019
Largest Affiliates
A
WHITE PLAINS, NY - L&A
Weiss Ratings