GAINBRIDGE LIFE INSURANCE CO
Major Rating Factors:
Fair overall results on stability tests (4.2 on a scale of 0 to 10) including fair financial strength of affiliated Sammons Enterprises Inc and negative cash flow from operations for 2023. Good quality investment portfolio (6.2) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Good Liquidity (6.8).
Other Rating Factors:
Weak profitability (2.0) with operating losses during the first nine months of 2024. Strong capitalization (9.1) based on excellent risk adjusted capital (severe loss scenario).
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.
G - Fast asset or premium growth.
Principal Lines of Business:
Other (100%)
Licensed in:
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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
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Investments in Affiliates
Corporate Info
Group Affiliation
Sammons Enterprises Inc
Investment Rating
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Company Address
211 E 7TH STREET SUITE 620
WILMINGTON, DE 19801
WILMINGTON, DE 19801
Phone Number
(800) 990-7626
NAIC Number
15691
Website
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Largest Affiliates