Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including fair financial strength of affiliated Industrial Alliance Ins & Financial. Good quality investment portfolio (6.4) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but no exposure to junk bonds. Good Liquidity (6.0).
Other Rating Factors:
Weak profitability (2.8) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.5) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Ind annuities (9.4%), group life (2.3%), other (88.3%)
Licensed in:
All states except IA, MA, MI, NH, NJ, NY, RI, VT, 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
Industrial Alliance Ins & Financial
Investment Rating
Company Address
425 AUSTIN AVENUE
WACO, TX 76701
WACO, TX 76701
Phone Number
(254) 297-2777
NAIC Number
68594
Website
Largest Affiliates