CENTRE LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (3.5 on a scale of 0 to 10) including fair financial strength of affiliated Zurich Financial Services Group and negative cash flow from operations for 2023. 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 (1.4) with operating losses during the first nine months of 2024.
Other Rating Factors:
Strong capitalization (9.2) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (9.1).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
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
Zurich Financial Services Group
Investment Rating
--
Company Address
1350 MAIN STREET SUITE 1600
SPRINGFIELD, MA 01103
SPRINGFIELD, MA 01103
Phone Number
(212) 859-2640
NAIC Number
80896
Website
--
Largest Affiliates