C
AMERICAN HERITAGE LIFE INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair quality investment portfolio (4.7 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 56% of capital. Fair overall results on stability tests (4.8). Good overall capitalization (5.6) based on good risk adjusted capital (severe loss scenario). Nevertheless, capital levels have fluctuated during prior years.
Other Rating Factors: Good Liquidity (6.3). Weak profitability (2.9) with investment income below regulatory standards in relation to interest assumptions of reserves.
Stability Factors: I - Past results on our Investment Safety Index.
Principal Lines of Business: Group health (63.1%), ind health (15.5%), group life (14.5%), other (6.9%)
Licensed in: All states except NY
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
Allstate Group
Investment Rating
ALL
Company Address
1776 AMERICAN HERITAGE LIFE DR
JACKSONVILLE, FL 32224
Phone Number
(904) 992-1776
NAIC Number
60534
Largest Affiliates
B
NORTHBROOK, IL - P&C
C
WINSTON-SALEM, NC - P&C
B
NORTHBROOK, IL - P&C
U
NORTHBROOK, IL - P&C
B
NORTHBROOK, IL - P&C
Weiss Ratings