Major Rating Factors:
Fair overall results on stability tests (3.4 on a scale of 0 to 10). Good quality investment portfolio (5.8) 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 overall profitability (5.9). Return on equity has been fair, averaging 8.3%.
Other Rating Factors:
Good Liquidity (6.1). Strong capitalization (7.5) 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:
Group life (66.1%), group annuities (0.2%), ind annuities (0.2%), other (33.5%)
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