Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10) including fair financial strength of affiliated TWA Corp. Good quality investment portfolio (5.6) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good overall profitability (5.8). Return on equity has been low, averaging 2.1%.
Other Rating Factors:
Strong capitalization (8.5) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (8.9).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group life (15.4%), ind annuities (13.0%), other (71.6%)
Licensed in:
All states except NH, NY, VT, 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
TWA Corp
Investment Rating
Company Address
885 S El Camino Real
San Mateo, CA 94402
San Mateo, CA 94402
Phone Number
(650) 348-2300
NAIC Number
69566
Website
Largest Affiliates