Major Rating Factors:
Strong long-term capitalization index (9.8 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall profitability index (5.9) despite operating losses during 2022 and 2023. Good overall results on stability tests (6.8) despite. The largest net exposure for one risk is acceptable at 2.4% of capital.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Other (100%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (47.9%), common stock (13.6%), non investment grade bonds (4.3%), cash (1.1%), preferred stock (0.5%), other (32.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
10 South Riverside Plaza
Chicago, IL 60606
Chicago, IL 60606
Phone Number
(312) 697-6900
NAIC Number
15445
Website
Largest Affiliates
No affiliate information available.