FORETHOUGHT LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including fair financial strength of affiliated Global Atlantic Financial Group and excessive premium growth. Fair quality investment portfolio (4.7) with substantial holdings of BBB bonds in addition to moderate junk bond exposure. Exposure to mortgages is large, but the mortgage default rate has been low. Good Liquidity (6.5).
Other Rating Factors:
Weak profitability (2.0) with operating losses during the first nine months of 2024. Strong capitalization (7.1) 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.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY
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
Global Atlantic Financial Group
Investment Rating
Company Address
300 NORTH MERIDIAN ST STE 1800
INDIANAPOLIS, IN 46204
INDIANAPOLIS, IN 46204
Phone Number
(317) 223-2700
NAIC Number
91642
Website
Largest Affiliates