PILLAR LIFE INSURANCE CO
Major Rating Factors:
Weak overall results on stability tests (1.9 on a scale of 0 to 10) including weak financial strength of affiliated Liberty Life Group Trust, excessive premium growth and weak results on operational trends. Weak profitability (1.6) with operating losses during 2024. Return on equity has been low, averaging -22.6%. Good quality investment portfolio (6.6).
Other Rating Factors:
Strong capitalization (7.8) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (10.0).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (100.0%)
Licensed in:
DE, LA, PA
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
Liberty Life Group Trust
Investment Rating
--
Company Address
8049 West Chester Pike
HARRISBURG, PA 17110
HARRISBURG, PA 17110
Phone Number
(580) 353-5776
NAIC Number
73539
Website
Largest Affiliates