Major Rating Factors:
Strong capitalization (3.0 on a scale of 0 to 10) based on excellent risk adjusted capital (severe loss scenario). Fair quality investment portfolio (4.3) with significant exposure to mortgages . Mortgage default rate has been low. Fair profitability (3.7) with operating losses during 2022.
Other Rating Factors:
Fair overall results on stability tests (3.0) including negative cash flow from operations for 2022. Excellent Liquidity (7.0).
Stability Factors:
F - Negative cash flow.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (75.9%), ind annuities (24.0%), other (0.1%)
Licensed in:
AZ, CA, CO, DE, FL, GA, ID, IL, IN, IA, KS, MD, MI, MN, MT, NE, NC, OH, OK, OR, PA, SC, SD, TN, TX, VA, WA, WV
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
Everence Association Inc
Investment Rating
--
Company Address
1110 N Main St
Goshen, IN 46528
Goshen, IN 46528
Phone Number
(574) 533-9515
NAIC Number
57991
Website
Largest Affiliates