Major Rating Factors: Fair capitalization (4.6 on a scale of 0 to 10) based on fair risk adjusted capital (moderate loss scenario). Fair liquidity (4.0) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims or a run on policy withdrawals. Fair overall results on stability tests (4.0) including fair risk adjusted capital in prior years.
Other Rating Factors: Good quality investment portfolio (5.4). Weak profitability (1.1) with investment income below regulatory standards in relation to interest assumptions of reserves.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. L - Past results on our liquidity tests.
Principal Lines of Business: Group life (22.6%), group health (8.3%), ind annuities (7.2%), ind health (0.3%), other (61.7%)
Licensed in: AZ, AR, CA, CO, FL, IL, IN, IA, KS, KY, MD, MI, MN, MO, NE, NM, NC, ND, OH, OK, PA, SC, SD, TX, VA, WA, WI