PROVIDENT LIFE & CAS INS CO
Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including fair financial strength of affiliated Unum Group. Good quality investment portfolio (5.7) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good Liquidity (6.9) with sufficient resources to handle a spike in claims.
Other Rating Factors:
Weak profitability (2.1) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except AL, AZ, CA, FL, IN, KS, ME, MD, MI, MN, MT, NV, OR, TX, UT, VT, WV, WI, WY, 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
Unum Group
Investment Rating
Company Address
1 FOUNTAIN SQUARE
Chattanooga, TN 37402
Chattanooga, TN 37402
Phone Number
(423) 294-1011
NAIC Number
68209
Website
Largest Affiliates