Major Rating Factors:
Fair overall capitalization (4.0 on a scale of 0 to 10) based on good risk adjusted capital (moderate loss scenario). Nevertheless, capital levels have fluctuated during prior years. Fair overall results on stability tests (3.0) including negative cash flow from operations for 2022. Good quality investment portfolio (5.1).
Other Rating Factors:
Weak profitability (2.0) with operating losses during 2022. Weak Liquidity (1.9).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (10.8%), group life (1.1%), group annuities (0.3%), other (87.8%)
Licensed in:
All states except NY, PR