Major Rating Factors:
Fair current capitalization (4.0 on a scale of 0 to 10) based on excellent risk adjusted capital (severe loss scenario) reflecting improvement over results in 2020. Fair profitability (3.0) with operating losses during 2022. Fair overall results on stability tests (4.0) including negative cash flow from operations for 2022.
Other Rating Factors:
Good quality investment portfolio (5.6). Good Liquidity (6.4).
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (97.7%), group annuities (2.1%), ind health (0.3%)
Licensed in:
All states except NY