Major Rating Factors:
Fair quality investment portfolio (3.5 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Good overall capitalization (6.3) based on good risk adjusted capital (moderate loss scenario). Nevertheless, capital levels have fluctuated during prior years. Good Liquidity (6.5).
Other Rating Factors:
Weak profitability (1.7) with operating losses during 2022. Weak overall results on stability tests (2.6) including weak results on operational trends and negative cash flow from operations for 2022.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group annuities (50.9%), ind annuities (47.7%), other (1.4%)
Licensed in:
All states except 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
Global Atlantic Financial Group
Investment Rating
Company Address
132 TURNPIKE ROAD SUITE 210
SOUTHBOROUGH, MA 2135
SOUTHBOROUGH, MA 2135
Phone Number
(800) 457-8803
NAIC Number
69140
Website
Largest Affiliates
