Major Rating Factors:
Good quality investment portfolio (5.6 on a scale of 0 to 10) despite large holdings of BBB rated bonds in addition to junk bond exposure equal to 63% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Good overall profitability (5.7) although investment income, in comparison to reserve requirements, is below regulatory standards. Good Liquidity (6.9).
Other Rating Factors:
Good overall results on stability tests (5.4) despite fair risk adjusted capital in prior years excellent operational trends and excellent risk diversification. Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind health (87.4%), group health (11.8%), group life (0.3%), other (0.5%)
Licensed in:
All states except NY