Major Rating Factors:
Good overall capitalization (6.1 on a scale of 0 to 10) based on mixed results -- excessive policy leverage mitigated by good risk adjusted capital (moderate loss scenario). Nevertheless, capital levels have fluctuated during prior years. Good overall profitability (6.0). Return on equity has been good over the last five years, averaging 14.9%. Good Liquidity (5.3).
Other Rating Factors:
Fair overall results on stability tests (4.4). Fair quality investment portfolio (4.6).
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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
All states except PR