CENTRE LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (4.3 on a scale of 0 to 10) including fair financial strength of affiliated Zurich Financial Services Group and negative cash flow from operations for 2022. Good quality investment portfolio (6.6) despite mixed results such as: no exposure to mortgages and substantial holdings of BBB bonds but no exposure to junk bonds. Weak profitability (1.9) with operating losses during 2022.
Other Rating Factors:
Strong capitalization (9.3) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (9.3).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
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
Zurich Financial Services Group
Investment Rating
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Company Address
1350 MAIN STREET SUITE 1600
SPRINGFIELD, MA 01103
SPRINGFIELD, MA 01103
Phone Number
(212) 859-2640
NAIC Number
80896
Website
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Largest Affiliates