MEDICO CORP LIFE INS CO
Major Rating Factors:
Good overall results on stability tests (5.2 on a scale of 0 to 10) despite fair financial strength of affiliated American Enterprise Mutual Holding and negative cash flow from operations for 2022. Other stability subfactors include excellent operational trends and good risk diversification. 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. Strong capitalization (8.0) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent profitability (8.0) with operating gains in each of the last five years. Excellent Liquidity (7.0).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
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