C
JOHN ALDEN LIFE INS CO
Rating Date
December 2023
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 (3.9 on a scale of 0 to 10) including fair financial strength of affiliated Assurant Inc. Strong capitalization (4.0) based on excellent risk adjusted capital (severe loss scenario). Moreover, capital levels have been consistently high over the last five years. Good Liquidity (6.8) with sufficient resources to handle a spike in claims.
Other Rating Factors: Weak profitability (2.9) with investment income below regulatory standards in relation to interest assumptions of reserves. High quality investment portfolio (7.7).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. D - Limited diversification of general business, policy, and/or investment risk. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Ind health (100.0%)
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
Assurant Inc
Investment Rating
--
Company Address
501 WEST MICHIGAN STREET
Phoenix, AZ 85202
Phone Number
(818) 887-4436
NAIC Number
65080
Largest Affiliates
E
Phoenix, AZ - L&A
Weiss Ratings