Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including negative cash flow from operations for 2024. Good quality investment portfolio (6.5) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to minimal holdings in junk bonds. Good overall profitability (6.2). Return on equity has been good over the last five years, averaging 11.3%.
Other Rating Factors:
Good Liquidity (6.3). Strong capitalization (8.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (9.8%), group life (1.0%), ind annuities (0.2%), group annuities (0.1%), other (88.8%)
Licensed in:
All states except NY, 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
Assurant Inc
Investment Rating
--
Company Address
2323 GRAND BOULEVARD
WAVERLY, IA 50677
WAVERLY, IA 50677
Phone Number
(608) 238-5851
NAIC Number
70408
Website
Largest Affiliates