Major Rating Factors:
Weak profitability (1.8 on a scale of 0 to 10) with operating losses during the first nine months of 2024. Weak overall results on stability tests (2.9) including negative cash flow from operations for 2023 and weak results on operational trends. Good Liquidity (6.3) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors:
Strong capitalization (9.1) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (7.3).
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
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