Major Rating Factors: Good overall profitability (5.8 on a scale of 0 to 10). Return on equity has been low, averaging 5.0%. Fair overall results on stability tests (4.5) including fair financial strength of affiliated LDS Group and negative cash flow from operations for 2021. Low quality investment portfolio (0.8).
Other Rating Factors: Strong capitalization (7.0) based on excellent risk adjusted capital (severe loss scenario). Excellent liquidity (9.6).
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. I - Past results on our Investment Safety Index. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Credit life (90.4%), credit health (9.6%)
Licensed in: MS