SECURITY PLAN LIFE INS CO
Major Rating Factors:
Low quality investment portfolio (2.2 on a scale of 0 to 10). Weak profitability (1.8) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak Liquidity (1.6) based on large exposure to policies that are subject to policyholder withdrawals with minimal or no penalty.
Other Rating Factors:
Weak overall results on stability tests (1.0) including weak risk adjusted capital in prior years. Good capitalization (5.0) based on good risk adjusted capital (moderate loss scenario).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (3.1%), ind health (2.4%), other (94.5%)
Licensed in:
AR, LA, MS
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
Citizens Inc
Investment Rating
Company Address
205 Railroad Avenue
Donaldsonville, LA 70346
Donaldsonville, LA 70346
Phone Number
(225) 473-8654
NAIC Number
60076
Largest Affiliates