C
FIRST ALLMERICA FINANCIAL LIFE INS
Rating Date
September 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair current capitalization (3.9 on a scale of 0 to 10) based on fair risk adjusted capital (moderate loss scenario), although results have slipped from the good range during the last year. Low quality investment portfolio (2.4) containing large holdings of BBB rated bonds in addition to moderate junk bond exposure. Weak profitability (1.9) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors: Weak overall results on stability tests (2.4) including weak results on operational trends. Excellent Liquidity (8.0).
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. 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: Other (100%)
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
KKR
Company Address
132 TURNPIKE ROAD SUITE 210
SOUTHBOROUGH, MA 02135
Phone Number
(800) 457-8803
NAIC Number
69140
Largest Affiliates
C
C
INDIANAPOLIS, IN - L&A
C
DES MOINES, IA - L&A