C
ALFA LIFE INS CORP
Rating Date
March 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair quality investment portfolio (4.0 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 56% of capital. Fair overall results on stability tests (4.2). Good Liquidity (5.6) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors: Weak profitability (1.6) with operating losses during 2023. Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors: I - Past results on our Investment Safety Index. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Other (100%)
Licensed in: AL, AR, FL, GA, LA, MS, MO, NC, SC, TN, VA
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
Alfa Ins Group
Investment Rating
--
Company Address
2108 East South Boulevard
Montgomery, AL 36116
Phone Number
(334) 288-3900
NAIC Number
79049
Largest Affiliates
B
MONTGOMERY, AL - P&C
B
MONTGOMERY, AL - P&C
B
MONTGOMERY, AL - P&C
B
MONTGOMERY, AL - P&C
B
MONTGOMERY, AL - P&C