MEDICO INS CO
Major Rating Factors:
Fair overall results on stability tests (4.8 on a scale of 0 to 10) including fair financial strength of affiliated American Enterprise Mutual Holding and negative cash flow from operations for 2023. Good quality investment portfolio (6.6) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but no exposure to junk bonds. Good overall profitability (5.6).
Other Rating Factors:
Good Liquidity (6.8). Strong capitalization (8.0) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
Principal Lines of Business:
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Licensed in:
All states except CT, NJ, 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
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Investments in Affiliates
Corporate Info
Group Affiliation
American Enterprise Mutual Holding
Investment Rating
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Company Address
1010 North 102nd St Ste 201
Des Moines, IA 50309
Des Moines, IA 50309
Phone Number
(800) 228-6080
NAIC Number
31119
Website
Largest Affiliates