Major Rating Factors:
Weak profitability (1.4 on a scale of 0 to 10) with operating losses during 2022. Weak overall results on stability tests (2.9) including weak results on operational trends. Good Liquidity (6.6) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors:
Strong capitalization (7.8) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (7.1).
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (66.7%), group health (23.8%), group life (4.8%), credit life (0.4%), credit health (0.3%), other (3.9%)
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
Munchener R-G AG
Investment Rating
--
Company Address
56 Perimeter Center East NE
Atlanta, GA 30326
Atlanta, GA 30326
Phone Number
(770) 350-3200
NAIC Number
66346
Largest Affiliates