CLEAR SPRING LIFE & ANNTY 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 Sammons Enterprises Inc, excessive premium growth and negative cash flow from operations for 2023. Fair quality investment portfolio (4.5). Good Liquidity (6.5).
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.5) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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