Major Rating Factors:
Good quality investment portfolio (5.8 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 minimal holdings in junk bonds. Good Liquidity (6.0) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair profitability (3.0).
Other Rating Factors:
Fair overall results on stability tests (4.3) including weak results on operational trends and negative cash flow from operations for 2022. Strong capitalization (8.9) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY
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
HCSC Group
Investment Rating
--
Company Address
300 East Randolph Street
Chicago, IL 60601
Chicago, IL 60601
Phone Number
(800) 721-7897
NAIC Number
71129
Website
Largest Affiliates