Major Rating Factors:
Good quality investment portfolio (5.5 on a scale of 0 to 10) despite mixed results such as: large holdings of BBB rated bonds but moderate junk bond exposure. Good Liquidity (5.3) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Good overall results on stability tests (5.4) despite negative cash flow from operations for 2022 good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
Fair profitability (4.4) with operating losses during 2022. Strong capitalization (7.1) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (8.8%), ind health (0.8%), other (90.3%)
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) 994-3500
NAIC Number
70435
Website
Largest Affiliates
No affiliate information available.