CLEAR SPRING LIFE & ANNTY CO
Major Rating Factors:
Fair quality investment portfolio (4.5 on a scale of 0 to 10). Fair overall results on stability tests (3.6) including negative cash flow from operations for 2023. Good Liquidity (6.5) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.6) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
F - Negative cash flow.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
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