Major Rating Factors:
Good quality investment portfolio (6.4 on a scale of 0 to 10) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to small junk bond holdings. Good overall profitability (6.7). Return on equity has been good over the last five years, averaging 11.4%. Good Liquidity (6.9).
Other Rating Factors:
Good overall results on stability tests (5.3) excellent operational trends and excellent risk diversification. Strong capitalization (8.8) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Group health (84.0%), group life (15.7%), other (0.3%)
Licensed in:
All states, the District of Columbia and Puerto Rico