Major Rating Factors:
Fair quality investment portfolio (4.7 on a scale of 0 to 10) with significant exposure to mortgages . Mortgage default rate has been low. Fair profitability (4.1). Excellent expense controls. Return on equity has been low, averaging 0.7%. Fair overall results on stability tests (4.7).
Other Rating Factors:
Good Liquidity (6.6). Strong capitalization (8.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
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 (26.8%), ind health (6.8%), group annuities (3.7%), group health (1.1%), group life (0.9%), other (60.7%)
Licensed in:
All states except AK, CA, CT, DC, DE, HI, LA, MD, MT, NJ, NY, OK, RI, TX, WV, WY, PR
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
Auto-Owners Group
Investment Rating
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Company Address
6101 ANACAPRI BOULEVARD
LANSING, MI 48917
LANSING, MI 48917
Phone Number
(517) 323-1200
NAIC Number
61190
Website
Largest Affiliates