LIFE ASSURANCE CO INC
Major Rating Factors:
Strong capitalization (4.0 on a scale of 0 to 10) based on excellent risk adjusted capital (severe loss scenario). Fair profitability (4.7) with operating losses during 2022. Return on equity has been low, averaging 3.5%. Weak overall results on stability tests (2.8) including weak results on operational trends and negative cash flow from operations for 2022.
Other Rating Factors:
High quality investment portfolio (8.7). Excellent Liquidity (9.7).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
OK
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
None
Investment Rating
--
Company Address
2937 NW 156th
Oklahoma City, OK 73118
Oklahoma City, OK 73118
Phone Number
(405) 285-0838
NAIC Number
85677
Website
Largest Affiliates