Major Rating Factors:
Fair quality investment portfolio (4.9 on a scale of 0 to 10) with substantial holdings of BBB bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Fair overall results on stability tests (4.2). Good Liquidity (6.8).
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
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
Manulife Financial Group
Investment Rating
Company Address
201 Townsend Street Suite 900
Lansing, MI 48933
Lansing, MI 48933
Phone Number
(617) 572-6000
NAIC Number
65838
Website
Largest Affiliates