SUN LIFE & HEALTH INS CO
Major Rating Factors:
Weak overall results on stability tests (2.6 on a scale of 0 to 10) including potential financial drain due to affiliation with Sun Life Assurance Group. Weak profitability (2.5) with operating losses during 2022. Return on equity has been low, averaging -1.0%. Good quality investment portfolio (6.8).
Other Rating Factors:
Good Liquidity (6.1). Strong capitalization (7.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Group health (62.3%), group life (30.6%), other (7.1%)
Licensed in:
All states, the District of Columbia and Puerto Rico