COLONIAL PENN LIFE INS CO
Major Rating Factors:
Weak overall results on stability tests (2.0 on a scale of 0 to 10) including weak financial strength of affiliated CNO Financial Group Inc and negative cash flow from operations for 2022. Weak profitability (1.6) with operating losses during 2022. Weak Liquidity (0.0) as a spike in claims or a run on policy withdrawals may stretch capacity.
Other Rating Factors:
Good capitalization (5.3) based on good risk adjusted capital (moderate loss scenario). Good quality investment portfolio (5.7).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (21.5%), group life (21.1%), other (57.4%)
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
CNO Financial Group Inc
Investment Rating
Company Address
399 MARKET STREET
PHILADELPHIA, PA 19181
PHILADELPHIA, PA 19181
Phone Number
(215) 928-8000
NAIC Number
62065
Website
Largest Affiliates
