Major Rating Factors:
Good current capitalization (6.2 on a scale of 0 to 10) based on good risk adjusted capital (severe loss scenario), although results have slipped from the excellent range over the last year. Good overall profitability (5.5). Return on equity has been excellent over the last five years averaging 21.0%. Good Liquidity (6.1).
Other Rating Factors:
Fair quality investment portfolio (4.7). Fair overall results on stability tests (3.5) including excessive premium growth and weak results on operational trends.
Stability Factors:
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 annuities (99.9%)
Licensed in:
All states, the District of Columbia and Puerto Rico