Major Rating Factors:
Fair current capitalization (4.0 on a scale of 0 to 10) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario) reflecting significant improvement over results in 2019. Fair Liquidity (4.6) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims or a run on policy withdrawals. Fair overall results on stability tests (3.9) including weak risk adjusted capital in prior years and negative cash flow from operations for 2022.
Other Rating Factors:
Weak profitability (1.4) with investment income below regulatory standards in relation to interest assumptions of reserves. High quality investment portfolio (7.4).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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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
AXA Financial Inc
Investment Rating
Company Address
8742 Lucent Boulevard Ste 600
Lakewood, CO 80401
Lakewood, CO 80401
Phone Number
(704) 341-6308
NAIC Number
62880
Website
Largest Affiliates