Major Rating Factors:
Fair overall results on stability tests (3.1 on a scale of 0 to 10) including potential financial drain due to affiliation with SILAC LLC and negative cash flow from operations for 2022. Fair quality investment portfolio (4.0) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Good Liquidity (5.8).
Other Rating Factors:
Strong capitalization (7.9) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (7.3).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (65.4%), other (34.6%)
Licensed in:
All states except CT, MI, NH, NJ, NY, RI, VT, WI, 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
SILAC LLC
Investment Rating
--
Company Address
10201 N ILLINOIS ST SUITE 280
CARMEL, IN 46290
CARMEL, IN 46290
Phone Number
(317) 208-2200
NAIC Number
89184
Website
Largest Affiliates