C
FIRST UNUM 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 (4.7 on a scale of 0 to 10). Good quality investment portfolio (5.2) despite mixed results such as: large holdings of BBB rated bonds but moderate junk bond exposure. Good overall profitability (6.7). Excellent expense controls. Return on equity has been good over the last five years, averaging 12.6%.
Other Rating Factors: Strong capitalization (8.4) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.3).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. I - Past results on our Investment Safety Index.
Principal Lines of Business: Group health (69.5%), ind health (16.7%), group life (12.1%), other (1.8%)
Licensed in: 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
666 THIRD AVENUE SUITE 301
Garden City, NY 11530
Phone Number
(207) 575-2211
NAIC Number
64297
Largest Affiliates
C
C
B
Chattanooga, TN - L&A
C
Worcester, MA - L&A