Major Rating Factors:
Weak overall results on stability tests (1.4 on a scale of 0 to 10) including negative cash flow from operations for 2024. Fair quality investment portfolio (4.3) with significant exposure to mortgages . Mortgage default rate has been low. Good overall profitability (5.8). Return on equity has been excellent over the last five years averaging 20.0%.
Other Rating Factors:
Strong overall capitalization (7.0) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.3).
Stability Factors:
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:
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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
Legal & General America Inc
Investment Rating
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Company Address
3275 BENNETT CREEK AVENUE
FREDERICK, MD 21704
FREDERICK, MD 21704
Phone Number
(301) 279-4800
NAIC Number
94250
Website
Largest Affiliates