SUN LIFE ASR CO CANADA
Major Rating Factors:
Poor capitalization (0.8 on a scale of 0 to 10) based on weak risk adjusted capital (moderate loss scenario). Low quality investment portfolio (0.8) containing large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Weak profitability (2.4) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors:
Weak overall results on stability tests (0.8) including weak risk adjusted capital in prior years. Fair Liquidity (4.5).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
Principal Lines of Business:
Group health (69.5%), group life (25.0%), ind health (0.1%), other (5.4%)
Licensed in:
All states except NY
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
Sun Life Assurance Group
Investment Rating
Company Address
150 King Street West
Toronto Ontario, ON 0
Toronto Ontario, ON 0
Phone Number
(781) 446-1514
NAIC Number
80802
Website
Largest Affiliates
