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