Major Rating Factors:
Good overall results on stability tests (5.3 on a scale of 0 to 10) despite fair financial strength of affiliated Torchmark Corp. Other stability subfactors include excellent operational trends and excellent risk diversification. Good quality investment portfolio (5.7) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good overall profitability (5.6) although investment income, in comparison to reserve requirements, is below regulatory standards.
Other Rating Factors:
Strong capitalization (7.0) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (8.3).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Ind health (93.4%), group health (5.2%), other (1.5%)
Licensed in:
All states except NY
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
Torchmark Corp
Investment Rating
Company Address
6001 East Royalton Rd Ste 200
Cleveland, OH 44147
Cleveland, OH 44147
Phone Number
(440) 922-5252
NAIC Number
77968
Largest Affiliates