Major Rating Factors: Good quality investment portfolio (6.3 on a scale of 0 to 10) despite significant exposure to mortgages . Mortgage default rate has been low. substantial holdings of BBB bonds in addition to minimal holdings in junk bonds. Good overall profitability (5.5) although investment income, in comparison to reserve requirements, is below regulatory standards. Good liquidity (6.4).
Other Rating Factors: Excellent overall results on stability tests (7.9) excellent operational trends and excellent risk diversification. Strong capitalization (9.4) 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 (3.6%), group life (1.8%), other (94.6%)
Licensed in: All states except MA, NY, WI, PR