Major Rating Factors:
Fair overall results on stability tests (3.6 on a scale of 0 to 10) including fair financial strength of affiliated Torchmark Corp. Fair profitability (4.8) with operating losses during 2024. Return on equity has been fair, averaging 9.0%. Fair Liquidity (3.0) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims or a run on policy withdrawals.
Other Rating Factors:
Good quality investment portfolio (6.4). 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.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (63.6%), ind annuities (0.2%), other (36.2%)
Licensed in:
NY
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
Torchmark Corp
Investment Rating
Company Address
1020 SEVENTH NORTH ST STE 130
LIVERPOOL, NY 13212
LIVERPOOL, NY 13212
Phone Number
(315) 451-2544
NAIC Number
74101
Largest Affiliates