WEST COAST LIFE INS CO
Major Rating Factors:
Good Liquidity (5.3 on a scale of 0 to 10) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair quality investment portfolio (4.5) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 55% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Fair overall results on stability tests (3.5) including weak results on operational trends and negative cash flow from operations for 2022.
Other Rating Factors:
Strong capitalization (7.6) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (7.3) with operating gains in each of the last five years.
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:
Ind annuities (21.5%), group life (4.5%), ind health (0.6%), other (73.4%)
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
