PROTECTIVE LIFE & ANNUITY INS CO
Major Rating Factors:
Fair profitability (3.5 on a scale of 0 to 10) with investment income below regulatory standards in relation to interest assumptions of reserves. Fair overall results on stability tests (3.3) including weak results on operational trends and negative cash flow from operations for 2022. Good quality investment portfolio (6.0).
Other Rating Factors:
Good Liquidity (5.2). Strong capitalization (7.8) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (28.0%), group life (14.7%), group health (6.9%), other (50.4%)
Licensed in:
All states except MN, 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
Dai-ichi Life Holdings Inc
Investment Rating
--
Company Address
2801 HIGHWAY 280 SOUTH
BIRMINGHAM, AL 35223
BIRMINGHAM, AL 35223
Phone Number
(205) 268-1000
NAIC Number
88536
Website
Largest Affiliates