B
ASSURITY LIFE INS CO
LincolnNE
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Good quality investment portfolio (5.5 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 (5.8) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Good overall results on stability tests (6.6) good operational trends and excellent risk diversification.
Other Rating Factors: Strong capitalization (8.2) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (7.9) with operating gains in each of the last five years.
Stability Factors: I - Past results on our Investment Safety Index. L - Past results on our liquidity tests.
Principal Lines of Business: Ind health (26.2%), group health (23.1%), group life (4.4%), ind annuities (2.6%), other (43.8%)
Licensed in: All states except NY, PR
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
Assurity Security Group Inc
Investment Rating
--
Company Address
2000 Q STREET
LINCOLN, NE 68503
Phone Number
(402) 476-6500
NAIC Number
71439
Largest Affiliates
Weiss Ratings