C
COLONIAL LIFE & ACCIDENT INS CO
Rating Date
March 2025
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 overall results on stability tests (4.8 on a scale of 0 to 10) including fair financial strength of affiliated Unum Group. Good quality investment portfolio (5.7) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to small junk bond holdings. Good Liquidity (6.8).
Other Rating Factors: Strong capitalization (7.4) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (7.0) with operating gains in each of the last five years.
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business: Ind health (62.3%), group health (12.4%), group life (2.8%), other (22.6%)
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
Unum Group
Investment Rating
UNM
Company Address
1200 COLONIAL LIFE BOULEVARD
Columbia, SC 29210
Phone Number
(803) 798-7000
NAIC Number
62049
Largest Affiliates
C
C
C
Garden City, NY - L&A
B
Chattanooga, TN - L&A
C
Worcester, MA - L&A