C
GLOBE LIFE & ACCIDENT INS CO
OmahaNE
Rating Date
August 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair quality investment portfolio (4.9 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Fair Liquidity (3.1) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims or a run on policy withdrawals. Fair overall results on stability tests (3.9) including fair risk adjusted capital in prior years.
Other Rating Factors: Good capitalization (5.0) based on good risk adjusted capital (moderate loss scenario). Excellent profitability (7.1) with operating gains in each of the last five years.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. I - Past results on our Investment Safety Index. L - Past results on our liquidity tests.
Principal Lines of Business: Group life (33.1%), group health (5.7%), ind health (4.7%), ind annuities (0.7%), other (55.8%)
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
Torchmark Corp
Investment Rating
GL
Company Address
10306 REGENCY PARKWAY DRIVE
OMAHA, NE 68114
Phone Number
(972) 569-3744
NAIC Number
91472
Largest Affiliates