Major Rating Factors:
Good current capitalization (6.7 on a scale of 0 to 10) based on good risk adjusted capital (severe loss scenario), although results have slipped from the excellent range during the last year. Good liquidity (6.5) with sufficient resources to handle a spike in claims. Fair overall results on stability tests (4.1) including fair financial strength of affiliated National Guardian Life Insurance Co and negative cash flow from operations for 2021.
Other Rating Factors:
Low quality investment portfolio (0.8). Weak profitability (0.9) with operating losses during the first nine months of 2022.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group health (73.1%), ind health (26.9%)
Licensed in:
All states except HI, 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
National Guardian Life Insurance Co
Investment Rating
--
Company Address
70 Genesee Street
Albany, NY 12207
Albany, NY 12207
Phone Number
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NAIC Number
81426
Website
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Largest Affiliates
