CLEAR SPRING LIFE & ANNTY CO
Major Rating Factors:
Good overall results on stability tests (5.2 on a scale of 0 to 10) despite fair financial strength of affiliated Sammons Enterprises Inc. Other stability subfactors include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. Good Liquidity (6.4) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair quality investment portfolio (4.5).
Other Rating Factors:
Strong capitalization (7.6) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (8.5) with operating gains in each of the last five years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind annuities (98.2%), group annuities (1.5%), other (0.3%)
Licensed in:
All states except NY