US BUS THE CAN LIFE ASSR
Major Rating Factors:
Good quality investment portfolio (5.9 on a scale of 0 to 10) 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 profitability (2.9) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak Liquidity (0.7).
Other Rating Factors:
Weak overall results on stability tests (2.7) including negative cash flow from operations for 2022. Strong capitalization (7.2) 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:
Group health (6.9%), ind health (3.9%), group life (3.4%), ind annuities (2.6%), credit health (0.1%), other (83.1%)
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
