EMPOWER ANNTY INS CO AM
Major Rating Factors:
Fair overall results on stability tests (3.1 on a scale of 0 to 10) including negative cash flow from operations for 2023 and fair risk adjusted capital in prior years. Good quality investment portfolio (5.5) 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 (5.5).
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.0) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
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, the District of Columbia and Puerto Rico
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
Great West Life Asr
Investment Rating
--
Company Address
8515 East Orchard Road
Greenwood Village, CO 80111
Greenwood Village, CO 80111
Phone Number
(303) 737-3000
NAIC Number
68322
Website
Largest Affiliates