Major Rating Factors:
Fair capitalization (3.6 on a scale of 0 to 10) based on fair risk adjusted capital (moderate loss scenario). Fair quality investment portfolio (4.9) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Fair profitability (3.5) with operating losses during 2022.
Other Rating Factors:
Fair overall results on stability tests (3.5) including fair risk adjusted capital in prior years. Excellent Liquidity (7.9).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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 (98.0%), group annuities (1.8%), other (0.2%)
Licensed in:
All states except NY, PR
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
Global Atlantic Financial Group
Investment Rating
Company Address
132 TURNPIKE ROAD SUITE 210
SOUTHBOROUGH, MA 02135
SOUTHBOROUGH, MA 02135
Phone Number
(800) 457-8803
NAIC Number
84824
Website
Largest Affiliates