Major Rating Factors:
Good quality investment portfolio (5.3 on a scale of 0 to 10) despite 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. Good overall profitability (5.8). Return on equity has been excellent over the last five years averaging 16.9%. Fair overall results on stability tests (4.2).
Other Rating Factors:
Strong capitalization (7.6) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.7).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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 (92.6%), ind annuities (1.7%), ind health (1.3%), group health (0.6%), group life (0.4%), other (3.3%)
Licensed in:
All states except PR