Major Rating Factors:
Fair overall results on stability tests (3.2 on a scale of 0 to 10) including negative cash flow from operations for 2019. Good quality investment portfolio (5.9) despite large exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to small junk bond holdings. Weak profitability (2.3) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors:
Strong capitalization (7.3) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (10.0).
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group health (38.2%), group life (30.0%), other (31.8%)
Licensed in:
All states except 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
Liberty Mutual Group
Investment Rating
Company Address
175 Berkeley Street
RADNOR, PA 19087
RADNOR, PA 19087
Phone Number
(484) 583-1400
NAIC Number
65315
Website
Largest Affiliates
