ELCO MUTUAL LIFE & ANNUITY
Major Rating Factors:
Fair quality investment portfolio (4.7 on a scale of 0 to 10). Fair overall results on stability tests (3.5) including negative cash flow from operations for 2023. Good Liquidity (6.9) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.2) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except MA, NH, NJ, NY, RI, VT, 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
None
Investment Rating
--
Company Address
916 Sherwood Drive
Lake Bluff, IL 60044
Lake Bluff, IL 60044
Phone Number
(847) 295-6000
NAIC Number
84174
Website
Largest Affiliates
No affiliate information available.