INDEPENDENCE LIFE & ANNUITY CO
Major Rating Factors:
Weak overall results on stability tests (2.6 on a scale of 0 to 10) including potential financial drain due to affiliation with Sun Life Assurance Group. Strong capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario). Moreover, capital levels have been consistently high over the last five years. High quality investment portfolio (7.5).
Other Rating Factors:
Excellent profitability (7.8) with operating gains in each of the last five years. Excellent Liquidity (7.6).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group health (112.5%)
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
Sun Life Assurance Group
Investment Rating
Company Address
1209 Orange Street
Wilmington, DE 19801
Wilmington, DE 19801
Phone Number
(781) 446-1514
NAIC Number
64602
Website
Largest Affiliates
