Major Rating Factors:
Fair overall results on stability tests (4.4 on a scale of 0 to 10) including negative cash flow from operations for 2022. Weak profitability (1.3) with operating losses during 2022. Return on equity has been low, averaging -81.0%. Strong capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario). Capital levels have been relatively consistent over the last five years.
Other Rating Factors:
High quality investment portfolio (9.2). Excellent Liquidity (7.0).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (99.5%), other (0.5%)
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
Aflac Incorporated
Investment Rating
Company Address
1833 SOUTH MORGAN ROAD
Omaha, NE 68114
Omaha, NE 68114
Phone Number
(706) 243-8708
NAIC Number
92908
Website
Largest Affiliates
