B
FORETHOUGHT LIFE INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Good overall results on stability tests (5.4 on a scale of 0 to 10) despite fair financial strength of affiliated Global Atlantic Financial Group. Other stability subfactors include excellent operational trends and excellent risk diversification. Good capitalization (6.1) based on good risk adjusted capital (moderate loss scenario). Moreover, capital levels have been consistent over the last five years. Good Liquidity (6.4).
Other Rating Factors: Fair quality investment portfolio (4.8). Excellent profitability (8.4).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. C - Past results on our Risk-Adjusted Capital tests. I - Past results on our Investment Safety Index.
Principal Lines of Business: Ind annuities (92.4%), group annuities (4.2%), group life (1.8%), ind health (0.8%), other (0.9%)
Licensed in: All states except 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
Global Atlantic Financial Group
Investment Rating
KKR
Company Address
300 NORTH MERIDIAN ST STE 1800
INDIANAPOLIS, IN 46204
Phone Number
(317) 223-2700
NAIC Number
91642
Largest Affiliates
C
DES MOINES, IA - L&A
C
Weiss Ratings