MIDLAND NATIONAL LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (3.5 on a scale of 0 to 10) including excessive premium growth. Good current capitalization (6.9) based on good risk adjusted capital (severe loss scenario), although results have slipped from the excellent range over the last year. Good quality investment portfolio (5.0) despite mixed results such as: large holdings of BBB rated bonds but moderate junk bond exposure.
Other Rating Factors:
Excellent profitability (7.2) with operating gains in each of the last five years. Excellent Liquidity (7.0).
Stability Factors:
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (69.3%), group annuities (19.1%), group life (0.3%), other (11.2%)
Licensed in:
All states except NY
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
Sammons Enterprises Inc
Investment Rating
--
Company Address
4350 Westown Parkway
West Des Moines, IA 50266
West Des Moines, IA 50266
Phone Number
(877) 586-0240
NAIC Number
66044
Website
Largest Affiliates