Major Rating Factors:
Fair overall results on stability tests (4.6 on a scale of 0 to 10). Good quality investment portfolio (6.6) despite mixed results such as: no exposure to mortgages and substantial holdings of BBB bonds but minimal holdings in junk bonds. Weak profitability (1.8). Return on equity has been low, averaging -14.1%.
Other Rating Factors:
Strong capitalization (8.2) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.8).
Stability Factors:
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Group health (62.0%), group life (38.0%)
Licensed in:
NY