PRINCIPAL NATIONAL LIFE INS CO
Major Rating Factors:
Good capitalization (5.3 on a scale of 0 to 10) based on good risk adjusted capital (moderate loss scenario). Good quality investment portfolio (6.6) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Fair overall results on stability tests (4.5) including negative cash flow from operations for 2022 and fair risk adjusted capital in prior years.
Other Rating Factors:
Weak profitability (2.0) with operating losses during 2022. Excellent Liquidity (9.7).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY, PR