Major Rating Factors:
Good quality investment portfolio (5.5 on a scale of 0 to 10) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good Liquidity (6.4) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair profitability (4.1).
Other Rating Factors:
Fair overall results on stability tests (3.5) including weak results on operational trends. Strong capitalization (7.1) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (107.4%)
Licensed in:
All states except PR