PROVIDENT LIFE & CAS INS CO
Major Rating Factors:
Good overall results on stability tests (5.8 on a scale of 0 to 10) despite fair financial strength of affiliated Unum Group. Other stability subfactors include excellent operational trends and excellent risk diversification. 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. Strong capitalization (9.9) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent profitability (8.1) with operating gains in each of the last five years. Excellent Liquidity (7.6).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind health (83.2%), group health (15.9%), other (0.9%)
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