Major Rating Factors:
Good quality investment portfolio (5.4 on a scale of 0 to 10) despite large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Good Liquidity (6.9) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Good overall results on stability tests (5.9) good operational trends and excellent risk diversification.
Other Rating Factors:
Weak profitability (2.9) with operating losses during 2022. Strong capitalization (9.0) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group health (82.2%), group life (17.4%), other (0.4%)
Licensed in:
All states, the District of Columbia and Puerto Rico
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
CIGNA Corp
Investment Rating
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Company Address
2 LIBERTY PLC 1601 CHESTNUT ST
PHILADELPHIA, PA 19192
PHILADELPHIA, PA 19192
Phone Number
(212) 576-7000
NAIC Number
65498
Website
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Largest Affiliates
