EAGLE LIFE INS CO
Major Rating Factors:
Good overall capitalization (5.8 on a scale of 0 to 10) based on good risk adjusted capital (moderate loss scenario). However, capital levels have fluctuated somewhat during past years. Good quality investment portfolio (5.0) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to minimal holdings in junk bonds. Weak overall results on stability tests (2.7) including fair financial strength of affiliated American Equity Investment Group and weak results on operational trends.
Other Rating Factors:
Weak profitability (2.0) with operating losses during the first nine months of 2024. Excellent Liquidity (7.3).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY, PR
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
American Equity Investment Group
Investment Rating
--
Company Address
6000 WESTOWN PARKWAY
WEST DES MOINES, IA 50266
WEST DES MOINES, IA 50266
Phone Number
(515) 221-0002
NAIC Number
13183
Website
Largest Affiliates