Major Rating Factors:
Fair overall capitalization (4.0 on a scale of 0 to 10) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario). However, capital levels have fluctuated somewhat during past years. Fair quality investment portfolio (4.6) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Fair overall results on stability tests (3.0) including negative cash flow from operations for 2023.
Other Rating Factors:
Good Liquidity (5.0). Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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:
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Licensed in:
All states except NY, 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
Dai-ichi Life Holdings Inc
Investment Rating
--
Company Address
10306 REGENCY PARKWAY DRIVE
Omaha, NE 68114
Omaha, NE 68114
Phone Number
(205) 268-1000
NAIC Number
70335
Website
Largest Affiliates