Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10) including weak results on operational trends. Strengths include potentially strong support from affiliation with Genworth Financial. Fair profitability index (3.1). Good expense controls. Return on equity has been fair, averaging 47.4% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.1) that helps to protect the company against sharp claims increases. Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except PR
Principal Investments:
Investment grade bonds (92.7%), non investment grade bonds (1.9%), other (5.4%)
Corporate Info
Group Affiliation
Genworth Financial
Investment Rating
Company Address
8325 Six Forks Road
RALEIGH, NC 27615
RALEIGH, NC 27615
Phone Number
(919) 846-4125
NAIC Number
38458
Website
Largest Affiliates
