Major Rating Factors:
Good quality investment portfolio (5.5 on a scale of 0 to 10) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good overall profitability (5.7). Excellent expense controls. Return on equity has been low, averaging 3.2%. Fair overall results on stability tests (3.6).
Other Rating Factors:
Strong capitalization (8.4) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.0).
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 (33.0%), ind health (6.6%), group annuities (3.1%), group life (0.9%), other (56.3%)
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