Major Rating Factors:
Fair profitability (4.3 on a scale of 0 to 10) with investment income below regulatory standards in relation to interest assumptions of reserves. Good quality investment portfolio (5.9) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to minimal holdings in junk bonds. Weak Liquidity (0.0).
Other Rating Factors:
Weak overall results on stability tests (2.1) including negative cash flow from operations for 2024. Strong capitalization (7.6) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (16.7%), group life (3.7%), ind annuities (3.7%), other (75.9%)
Licensed in:
All states except 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
Great West Life Asr
Investment Rating
--
Company Address
330 University Avenue
Toronto, ON M5G 1
Toronto, ON M5G 1
Phone Number
(855) 756-4738
NAIC Number
80659
Website
Largest Affiliates