Major Rating Factors:
Weak overall results on stability tests (2.6 on a scale of 0 to 10) including potential financial drain due to affiliation with Sun Life Assurance Group. Weak profitability (2.5) with operating losses during 2022. Return on equity has been low, averaging -1.0%. Good quality investment portfolio (6.8).
Other Rating Factors:
Good Liquidity (6.1). Strong capitalization (7.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Group health (62.3%), group life (30.6%), other (7.1%)
Licensed in:
All states, the District of Columbia and Puerto Rico
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
201 Townsend Street Ste 900
Lansing, MI 48933
Lansing, MI 48933
Phone Number
(781) 446-1514
NAIC Number
80926
Website
Largest Affiliates