OLD SPARTAN LIFE INS CO INC
Major Rating Factors:
Fair quality investment portfolio (3.0 on a scale of 0 to 10). Fair overall results on stability tests (4.4) including negative cash flow from operations for 2022. Strong capitalization (8.3) based on excellent risk adjusted capital (severe loss scenario). Capital levels have been relatively consistent over the last five years.
Other Rating Factors:
Excellent profitability (8.4) despite operating losses during 2022. Excellent Liquidity (9.1).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
GA, SC
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
Security Group Inc
Investment Rating
--
Company Address
181 Security Place
Spartanburg, SC 29307
Spartanburg, SC 29307
Phone Number
(864) 237-6151
NAIC Number
65480
Website
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Largest Affiliates