Major Rating Factors:
Fair quality investment portfolio (3.7 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Exposure to mortgages is significant, but the mortgage default rate has been low. Fair overall results on stability tests (4.8). Good overall profitability (5.1) although investment income, in comparison to reserve requirements, is below regulatory standards.
Other Rating Factors:
Good Liquidity (6.7). Strong capitalization (7.1) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind health (59.0%), ind annuities (39.9%), other (1.1%)
Licensed in:
AZ, AR, CA, CO, FL, GA, IL, IN, KS, KY, LA, MI, MS, MO, MT, NE, NC, ND, OH, OK, PA, SC, TN, TX, UT, WA, WV, WI