Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (4.1) including weak results on operational trends and negative cash flow from operations for 2022. The largest net exposure for one risk is excessive at 9.5% of capital. Strengths include potentially strong support from affiliation with Mutual Of Omaha.
Other Rating Factors:
Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Weak profitability index (2.9) with operating losses during each of the last five years. Average return on equity over the last five years has been poor at -11.7%.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (73.7%), other (26.3%)
Licensed in:
All states except PR
Principal Investments:
Investment grade bonds (97.9%), cash (0.6%), other (1.5%)
Corporate Info
Group Affiliation
Mutual Of Omaha
Investment Rating
--
Company Address
F&l Corp Us Bank Center 777 Ea
Milwaukee, WI 53202
Milwaukee, WI 53202
Phone Number
(402) 351-5468
NAIC Number
12254
Website
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