Major Rating Factors:
Good overall profitability (5.5 on a scale of 0 to 10). Return on equity has been low, averaging 4.1%. Good Liquidity (5.1) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair quality investment portfolio (4.8) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low.
Other Rating Factors:
Fair overall results on stability tests (4.1). Strong capitalization (7.8) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (32.8%), group annuities (5.0%), credit life (1.1%), group life (1.0%), credit health (0.9%), group health (0.8%), ind health (0.6%), other (58.0%)
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
American National Group Inc
Investment Rating
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Company Address
ONE MOODY PLAZA
GALVESTON, TX 77550
GALVESTON, TX 77550
Phone Number
(409) 763-4661
NAIC Number
60739
Website
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Largest Affiliates