Major Rating Factors:
Weak profitability (2.8 on a scale of 0 to 10) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak Liquidity (2.5) as a spike in claims or a run on policy withdrawals may stretch capacity. Weak overall results on stability tests (2.3) including weak results on operational trends and negative cash flow from operations for 2022.
Other Rating Factors:
Good quality investment portfolio (5.6). Strong capitalization (7.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group annuities (109.5%), ind health (0.6%)
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
Legal & General America Inc
Investment Rating
--
Company Address
3275 BENNETT CREEK AVENUE
FREDERICK, MD 21704
FREDERICK, MD 21704
Phone Number
(301) 279-4800
NAIC Number
94250
Website
Largest Affiliates