GREAT WESTERN INS CO
Major Rating Factors:
Fair current capitalization (4.0 on a scale of 0 to 10) based on mixed results -- excessive policy leverage mitigated by good risk adjusted capital (moderate loss scenario) reflecting some improvement over results in 2019. Fair quality investment portfolio (3.2) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 70% of capital. Fair overall results on stability tests (3.3) including negative cash flow from operations for 2023 and fair risk adjusted capital in prior years.
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Good Liquidity (6.9).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
All states except AK, HI, 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
JAMEL Ltd
Investment Rating
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Company Address
3434 Washington Blvd Ste 300
Des Moines, IA 50309
Des Moines, IA 50309
Phone Number
(866) 689-1401
NAIC Number
71480
Website
Largest Affiliates