STATE FARM LIFE & ACCIDENT ASR CO
Major Rating Factors: Good quality investment portfolio (6.9 on a scale of 0 to 10) despite mixed results such as: no exposure to mortgages and substantial holdings of BBB bonds but minimal holdings in junk bonds. Good liquidity (6.3) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair profitability (3.8) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors: Excellent overall results on stability tests (7.9) excellent operational trends and excellent risk diversification. Strong capitalization (9.3) 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: Ind annuities (7.8%), group life (0.1%), other (92.1%)
Licensed in: CT, IL, NY, WI