GPM HEALTH & LIFE INS CO
Major Rating Factors:
Good overall results on stability tests (5.7 on a scale of 0 to 10) despite negative cash flow from operations for 2022. Other stability subfactors include good operational trends and good risk diversification. Good quality investment portfolio (5.9) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good overall profitability (5.5).
Other Rating Factors:
Good Liquidity (6.4). Strong capitalization (9.0) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind health (72.3%), ind annuities (8.6%), other (19.1%)
Licensed in:
All states except AK, AR, CT, DC, DE, LA, ME, MA, MN, NH, NJ, NY, RI, SD, VT, PR