MEDICO CORP LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (4.8 on a scale of 0 to 10) including fair financial strength of affiliated American Enterprise Mutual Holding. Good quality investment portfolio (5.5) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Good Liquidity (6.9) with sufficient resources to handle a spike in claims.
Other Rating Factors:
Strong capitalization (8.0) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (7.8) with operating gains in each of the last five years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
All states except CA, CT, MA, NH, NJ, 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
American Enterprise Mutual Holding
Investment Rating
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Company Address
1010 North 102nd St Ste 201
Des Moines, IA 50309
Des Moines, IA 50309
Phone Number
(800) 822-9993
NAIC Number
79987
Website
Largest Affiliates