PROTECTIVE LIFE & ANNUITY INS CO
Major Rating Factors:
Fair overall results on stability tests (3.3 on a scale of 0 to 10) including fair financial strength of affiliated Dai-ichi Life Holdings Inc. Good quality investment portfolio (6.0) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good profitability (5.0) although investment income, in comparison to reserve requirements, is below regulatory standards.
Other Rating Factors:
Good Liquidity (5.7). Strong capitalization (7.9) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (83.3%), group life (0.8%), ind health (0.5%), other (15.4%)
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