Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10) including fair risk adjusted capital in prior years. Good quality investment portfolio (5.7) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to small junk bond holdings. Good Liquidity (5.7).
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.3) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY, PR
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
Assurant Inc
Investment Rating
--
Company Address
440 MOUNT RUSHMORE ROAD
WAVERLY, IA 50677
WAVERLY, IA 50677
Phone Number
(608) 238-5851
NAIC Number
67989
Website
Largest Affiliates