ATLANTIC COAST LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including potential financial drain due to affiliation with Advantage Capital Partners LLC, negative cash flow from operations for 2022 and fair risk adjusted capital in prior years. Fair quality investment portfolio (4.8) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Weak profitability (2.6) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors:
Good capitalization (6.9) based on good risk adjusted capital (severe loss scenario). Excellent Liquidity (8.1).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
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 annuities (40.9%), group life (25.7%), group health (8.4%), ind health (1.8%), group annuities (0.7%), other (22.5%)
Licensed in:
All states except CA, CT, DC, ID, ME, MI, MN, NH, NJ, NY, WI, PR