LIFESECURE INS CO
Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10). Fair quality investment portfolio (4.3) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Fair profitability (4.3) with operating losses during 2024. Return on equity has been fair, averaging 7.2%.
Other Rating Factors:
Strong capitalization (7.3) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (9.0).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (100.0%)
Licensed in:
All states except FL, 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
Blue Cross Blue Shield of Michigan
Investment Rating
--
Company Address
10559 CItation Drive Suite 300
NEW HUDSON, MI 48165
NEW HUDSON, MI 48165
Phone Number
(810) 220-7700
NAIC Number
77720
Website
Largest Affiliates