Major Rating Factors:
Good Liquidity (6.4 on a scale of 0 to 10) with sufficient resources to handle a spike in claims. Fair overall results on stability tests (3.8) including Weak risk diversification, relatively small group asset base, negative cash flow from operations for 2023 and weak results on operational trends. Weak profitability (0.7) with operating losses during the first nine months of 2024.
Other Rating Factors:
Strong capitalization (8.1) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (9.0).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
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
Dayforward Life Insurance Company In
Investment Rating
--
Company Address
--
Phone Number
(888) 434-0228
NAIC Number
16849
Website
Largest Affiliates