Major Rating Factors: Fair liquidity (4.0 on a scale of 0 to 10) 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 excessive premium growth and fair risk adjusted capital in prior years. Good capitalization (6.0) based on good risk adjusted capital (severe loss scenario).
Other Rating Factors: Good quality investment portfolio (5.3). 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. I - Past results on our Investment Safety Index. L - Past results on our liquidity tests.
Principal Lines of Business: Ind annuities (25.9%), group life (18.0%), group health (6.8%), ind health (0.2%), other (49.0%)
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