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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (98.2%), group annuities (1.5%), other (0.3%)
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
Sammons Enterprises Inc
Investment Rating
--
Company Address
2711 CENTERVILLE ROAD STE 400
WILMINGTON, DE 19801
WILMINGTON, DE 19801
Phone Number
(800) 990-7626
NAIC Number
83607
Website
Largest Affiliates