Major Rating Factors: Good quality investment portfolio (6.2 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 liquidity (6.5) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Excellent overall results on stability tests (7.9) excellent operational trends and excellent risk diversification.
Other Rating Factors: Strong capitalization (9.7) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (7.4) with operating gains in each of the last five years.
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 (3.0%), group life (1.7%), other (95.3%)
Licensed in: All states except MA, NY, WI, PR