Major Rating Factors:
Good quality investment portfolio (5.3 on a scale of 0 to 10) 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 (6.7) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Good overall results on stability tests (6.0) excellent operational trends and excellent risk diversification.
Other Rating Factors:
Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (8.0) with operating gains in each of the last five years.
Stability Factors:
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind annuities (31.4%), group annuities (30.9%), group health (6.8%), credit health (5.2%), credit life (3.5%), group life (2.8%), ind health (1.3%), other (18.2%)
Licensed in:
All states, the District of Columbia and Puerto Rico
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
CUNA Mutual Ins Group
Investment Rating
--
Company Address
2000 HERITAGE WAY
WAVERLY, IA 50677
WAVERLY, IA 50677
Phone Number
(608) 238-5851
NAIC Number
62626
Website
Largest Affiliates