Major Rating Factors: Good quality investment portfolio (5.6 on a scale of 0 to 10) despite mixed results such as: large holdings of BBB rated bonds but junk bond exposure equal to 72% of capital. Good overall profitability (5.9). Return on equity has been low, averaging 3.7%. Good liquidity (5.5).
Other Rating Factors: Good overall results on stability tests (6.4) despite negative cash flow from operations for 2021 excellent operational trends and excellent risk diversification. Strong capitalization (7.6) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors: F - Negative cash flow. I - Past results on our Investment Safety Index. L - Past results on our liquidity tests.
Principal Lines of Business: Group life (20.0%), ind annuities (1.1%), group annuities (0.8%), other (78.1%)
Licensed in: All states except NY, PR