Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2024. Good quality investment portfolio (5.6) despite mixed results such as: large holdings of BBB rated bonds but moderate junk bond exposure. Good overall profitability (6.1).
Other Rating Factors:
Good Liquidity (5.9). Strong capitalization (7.2) 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 annuities (6.6%), other (93.4%)
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
Savings Bank Life Group
Investment Rating
--
Company Address
One Linscott Road
Woburn, MA 01801
Woburn, MA 01801
Phone Number
(781) 938-3500
NAIC Number
70435
Website
Largest Affiliates
No affiliate information available.