Major Rating Factors:
Good overall results on stability tests (5.2 on a scale of 0 to 10) despite fair financial strength of affiliated Torchmark Corp. Other stability subfactors include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. Good quality investment portfolio (5.3) despite mixed results such as: large holdings of BBB rated bonds but moderate junk bond exposure. Good overall profitability (5.8) although investment income, in comparison to reserve requirements, is below regulatory standards.
Other Rating Factors:
Fair Liquidity (3.3). Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
Principal Lines of Business:
Ind health (13.7%), group life (13.0%), ind annuities (1.1%), other (72.3%)
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
Torchmark Corp
Investment Rating
Company Address
10306 REGENCY PARKWAY DR
OMAHA, NE 68114
OMAHA, NE 68114
Phone Number
(972) 569-4000
NAIC Number
65331
Largest Affiliates