C
UNION FIDELITY LIFE 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 (3.6 on a scale of 0 to 10) including fair financial strength of affiliated General Electric Corp Group, negative cash flow from operations for 2022 and fair risk adjusted capital in prior years. Fair quality investment portfolio (4.6) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 52% of capital. Fair Liquidity (4.1).
Other Rating Factors: Good overall profitability (6.2) although investment income, in comparison to reserve requirements, is below regulatory standards. Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. F - Negative cash flow. I - Past results on our Investment Safety Index. L - Past results on our liquidity tests.
Principal Lines of Business: Ind health (92.0%), group health (5.3%), group life (2.1%), other (0.6%)
Licensed in: All states except NY, 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
General Electric Corp Group
Investment Rating
GE
Company Address
7101 College Blvd Ste 1400
Overland Park, KS 66211
Phone Number
(913) 982-3700
NAIC Number
62596
Largest Affiliates
C
Overland Park, KS - L&A