Major Rating Factors:
Good quality investment portfolio (6.0 on a scale of 0 to 10) despite significant exposure to mortgages . Mortgage default rate has been low. substantial holdings of BBB bonds in addition to small junk bond holdings. Good overall profitability (6.1) although investment income, in comparison to reserve requirements, is below regulatory standards. Good Liquidity (6.1).
Other Rating Factors:
Good overall results on stability tests (6.9) excellent operational trends and excellent risk diversification. Strong capitalization (8.6) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind annuities (20.2%), group annuities (3.2%), group life (0.8%), other (75.8%)
Licensed in:
MI, OH, OK
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
Michigan Farm Bureau
Investment Rating
--
Company Address
7373 WEST SAGINAW HIGHWAY
Lansing, MI 48917
Lansing, MI 48917
Phone Number
(517) 323-7000
NAIC Number
63096
Website
Largest Affiliates