Major Rating Factors:
Weak profitability (1.9 on a scale of 0 to 10) with operating losses during 2022. Return on equity has been low, averaging -9.3%. Weak overall results on stability tests (2.7). Fair quality investment portfolio (4.4) with large holdings of BBB rated bonds in addition to moderate junk bond exposure.
Other Rating Factors:
Good Liquidity (6.9). Strong overall capitalization (8.0) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario).
Stability Factors:
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
--
Licensed in:
--
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
Independent Life Insurance Company
Investment Rating
--
Company Address
--
Phone Number
(800) 793-0848
NAIC Number
16354
Website
Largest Affiliates