Major Rating Factors:
Weak profitability (2.2 on a scale of 0 to 10) with operating losses during 2024. Return on equity has been low, averaging -2.8%. Weak overall results on stability tests (2.8) including weak results on operational trends. Fair capitalization (4.0) based on fair risk adjusted capital (moderate loss scenario).
Other Rating Factors:
Good quality investment portfolio (5.4). Excellent Liquidity (8.4).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (55.3%), ind annuities (43.5%), group annuities (1.1%)
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