Major Rating Factors:
Poor current capitalization (1.4 on a scale of 0 to 10) based on weak risk adjusted capital (moderate loss scenario), although results have slipped from the good range during the last year. Weak profitability (1.5) with operating losses during the first nine months of 2023. Weak Liquidity (2.5).
Other Rating Factors:
Weak overall results on stability tests (1.4) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2022. Fair quality investment portfolio (4.1).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group annuities (109.5%), ind health (0.6%)
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
--
Company Address
3275 BENNETT CREEK AVENUE
FREDERICK, MD 21704
FREDERICK, MD 21704
Phone Number
(301) 279-4800
NAIC Number
94250
Website
Largest Affiliates