Major Rating Factors:
Fair overall results on stability tests (3.9 on a scale of 0 to 10) including fair financial strength of affiliated Great West Life Asr and negative cash flow from operations for 2023. Fair Liquidity (3.5) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims or a run on policy withdrawals. Good quality investment portfolio (5.9).
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.5) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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:
Other (100%)
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