ALFA LIFE INS CORP
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 65% of capital. Fair overall results on stability tests (4.3). Good current capitalization (6.8) based on good risk adjusted capital (severe loss scenario), although results have slipped from the excellent range over the last year.
Other Rating Factors:
Good Liquidity (5.8). Weak profitability (1.9) with operating losses during 2022.
Stability Factors:
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind annuities (3.2%), group life (0.7%), ind health (0.1%), other (95.9%)
Licensed in:
AL, AR, FL, GA, LA, MS, MO, NC, SC, TN, VA