Oklahoma City, Oklahoma
|
|
- Lewis French
- 6 years ago
- Views:
Transcription
1 Oklahoma City, Oklahoma A+ Ultimate Parent: Cameron Associates Inc AMERICAN FIDELITY ASSURANCE COMPANY 9000 Cameron Parkway, 11th Floor Oklahoma City, OK Web: Tel.: AMB#: NAIC#: Ultimate Parent#: FEIN#: BEST S CREDIT RATING Best s Financial Strength Rating: A+ Outlook: Stable Best s Financial Size Category: IX RATING RATIONALE Rating Rationale: The ratings of American Fidelity Assurance Company (American Fidelity) reflect the company s ongoing financial strength and growth, established niche in the voluntary worksite market and evolving business strategy. Offsetting factors include the economic challenges and depressed investment yields, operating in a very competitive market and asset concentration risk in its investment portfolio. American Fidelity has generated premium growth over the past several years and operated all lines of business profitably. American Fidelity s disciplined pricing policy has allowed the company to quickly react to pricing issues and minimize potential losses. In addition, the company targets niche markets attracting and retaining customers with a focus on profitability. The favorable earnings trend has been the primary contributor to surplus growth. Voluntary employee benefit products have remained a primary focus since formation of American Fidelity in The company is a leader in the education sector providing voluntary worksite products for accident and health, life and annuity lines of business. The majority of American Fidelity s business remains worksite insurance operations and represents more than nine-tenths of total earned premium. American Fidelity has invested in the Printed June 10, Page 1 of 10
2 growth of its core operating divisions, adding innovative financial solutions, technology and products. The company has introduced new products, enhanced distribution systems and is in the process of further strengthening its brand. These initiatives have allowed the company to lower staffing requirements, improve efficiency and make improvements in its expense structure. American Fidelity continues to operate under the challenges of an extended weak economic environment and increased competition that could impact future revenue growth. In addition, the ongoing spread compression due to low interest rates and high minimum guarantee rates on some of its blocks of fixed annuities will continue to challenge the company. Furthermore, American Fidelity has increased its relatively large exposure to commercial mortgage loans. However, A.M. Best does acknowledge that the portfolio contains no residential mortgages and no subprime exposure; all mortgages are fixed rate, geographically diverse, short duration and relatively low loan-to-value. Additionally, there are no loans in foreclosure or past-due mortgages, and the real estate exposure is somewhat offset by the company s investment-grade bond exposure relative to the industry and capital level. However, more recently, there has been a shift of increasing exposure to lower investment-grade holdings and below-investment-grade investments representing a larger portion of total capital. Potential for future positive rating action or an outlook change could occur should there be a trend of increased level of earnings with continued premium growth in less-interest-sensitive lines of business in conjunction with reduced exposure to riskier assets. Potential for a future negative rating action or an outlook change may develop should there be a sustained declining trend in the company s operating results, increased investment exposure to higher-risk assets or material deterioration in its risk-adjusted capitalization. FIVE YEAR RATING HISTORY Date Best s FSR Date Best s FSR 05/26/16 A+ 04/25/13 A+ 04/09/15 A+ 04/03/12 A+ 03/26/14 A+ KEY FINANCIAL INDICATORS ($000) Total Capital Capital Asset Net Net Surplus Valuation Premiums Invest Funds Reserve Written Income Net Income Year Assets ,994, ,994 8, , ,146 55, ,358, ,915 10, , ,353 58, ,709, ,671 19, , ,531 71, ,958, ,373 22, , ,218 69, ,181, ,498 26, , ,129 75,367 (*) Within several financial tables of this report, this company is compared against the Multiple Lines Composite. (*) Data reflected within all tables of this report has been compiled from the company-filed statutory statement. BUSINESS PROFILE American Fidelity Assurance Company (American Fidelity) was formed in 1960 and is owned by American Fidelity Corporation, which is ultimately majority owned by Cameron Associates, Inc. American Fidelity is privately held with 94% of the stock held by the Cameron Family. The company is licensed in 49 states, the District of Columbia, Guam, Puerto Rico and American Samoa. However, there is geographic concentration, with approximately half of its direct premium volume generated from the states of California, Oklahoma, Texas, Mississippi and Kentucky. A.M. Best notes the company continues its expansion into other states to improve its geographic distribution of premiums. American Fidelity continues to implement initiatives to improve and replace existing legacy systems with more efficient and fully integrated systems. In addition, the company has gone through a rebranding process to align more with customers and has launched a new logo in Scope of Operations: American Fidelity writes various forms of life, annuity and accident and health insurance products. Product lines offered include long-term and short-term disability insurance, hospital indemnity, limited benefit medical, medical stop-loss, group and individual long-term care, individual and group life, health and annuities to the association and group markets. American Fidelity s ordinary life plans include whole life, term and specialty life products. The company has exited the non-worksite and Latin American life insurance market; however, American Fidelity remains active in sales in the U.S. worksite. While the company sells long-term care insurance, it is fully reinsured on a 100% coinsurance basis on all risk. The overwhelming majority of American Fidelity s business, approximately 98%, is worksite marketing of voluntary products through the use of payroll deduction. The company sells these products primarily through a salaried sales force and brokerage operations that are broken into two divisions, operating as one under the Worksite Group: American Fidelity Educational Services (AFES) and Association Worksite Division (AWD). In 2012, the company merged similar departments in AFES and AWD to enhance operation and product synergies, with a focus on lowering expenses and increasing premiums. The Worksite Group implemented COBRA administration and introduced group critical illness product in Both AFES and AWD have been operating in their established markets for many years and have developed expertise, long-term relationships, and brand name recognition. The AFES business unit has been in the market for over 50 years and is considered a market leader. In addition, AFES has numerous endorsements, which include major state teacher association and the National Education Association. AFES focuses on marketing ancillary insurance products to public school employees. Products include disability income, tax-sheltered annuities, life insurance, cancer expense insurance, long-term care, supplemental medical insurance, accident only and section 125 administrative services. AFES introduced a hospital indemnity product that is qualified for use with a Health Savings Account (HSA). AFES represents nearly two-thirds of American Fidelity s earned premium revenue. AWD specializes in voluntary payroll deduction programs targeted at selected groups and associations. AWD also has numerous state endorsements for auto associations. While the division has an established niche in the auto Printed June 10, Page 2 of 10
3 dealer market, the municipal and health industry niche markets continue to report growth. Available products include short-term and long-term disability income, life insurance, cancer expense insurance, accident only, supplemental medical expense coverage and Section 125 administrative services, which assist employers and employees in building better benefit packages. The expertise gained by the company in worksite marketing of voluntary products is complemented by the Strategic Alliances Division in developing products to meet special situations. This division operates through independent marketing and administrative venture partners. The largest revenue producing product sold by this division is stop-loss coverage as well as disability income, and a limited benefit medical product available to employers with 51 or more eligible employees. The limited benefit medical product can be offered as either voluntary or employer paid. The Life Division offers worksite life insurance in the United States and has exited the individual life insurance in Latin America. American Fidelity s affiliate American Fidelity International (Bermuda) Ltd., will continue its expansion efforts into the Latin America U.S. dollar insurance market as a source for individual life insurance customers. The products include term life and universal life. American Fidelity utilizes two primary distribution channels, its career agency force and independent agents. More than 80% of its premiums are originated from its career agency force in all product lines (life, supplemental health and annuity). The use of a salaried sales force (career agents) to market the majority of its business has enabled American Fidelity to provide a higher level of customer support to its employer group customers. The focus on customer service has been demonstrated through the use of technology in improved group billings and to speed the processing of applications, claims, and coverage inquiries or changes. Furthermore, the company has implemented a website that allows customer access at any time to verify coverage information, modify coverage, and report claims. Interactive Voice Response (IVR) system is also available to customers at any time. American Fidelity has gained efficiency through the implementation of automatic issue and billing systems, which has resulted in lower staffing requirement in the policy processing area. Web based enhancements are being launched internally and for American Fidelity customers increasing efficiency of service. In addition, a fully integrated financial software system was implemented, as well as mobile capabilities. The organization continues to invest in technology to consolidate, simplify, modernize and improve operating efficiencies. TOTAL PREMIUM COMPOSITION & GROWTH ANALYSIS Reinsurance Period DPW Prem Assumed Ending ($000) (% Chg) ($000) (% Chg) , , , , ,001, , ,012, , ,135, , Yr CAGR Reinsurance Period Prem Ceded NPW & Deposits Ending ($000) (% Chg) ($000) (% Chg) , , , , , , , , , , Yr CAGR Territory: The company is licensed in the District of Columbia, American Samoa, Guam, AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI and WY. Business Trends: American Fidelity has reported premium growth in each of the past five years. During 2015, American Fidelity s net premium grew by approximately 10% over the prior year. Direct premium growth was generated by individual and group annuity, as well as other accident and health, which includes the dread disease line and individual accident only indemnity. The growth in annuities was primarily the result of funds moving from the separate accounts to fixed annuities in early Alternatively, premiums decreased in the ordinary life block related to worksite individual life and group accident and health, which included group disability and group medical BY-LINE BUSINESS ($000) Reinsurance Prem Assumed DPW Product Line ($000) (%) ($000) (%) Ordinary life 147, Group life 1, Individual annuities 239, Group annuities 18, Individual A&H 278, , Group A&H 450, , Total 1,135, , Reinsurance Prem Ceded NPW Product Line ($000) (%) ($000) (%) Ordinary life 50, , Group life , Individual annuities , Group annuities 18, Individual A&H 19, , Group A&H 150, , Total 221, , Printed June 10, Page 3 of 10
4 BY-LINE RESERVES ($000) Product Line Ordinary life 376, , , , ,445 Group life 12,777 12,973 12,576 12,577 12,853 Supplementary contr Individual annuities 1,623,141 1,438,380 1,339,957 1,249,534 1,142,427 Group annuities 48,019 33,336 29,762 26,234 22,869 Deposit type contracts 9,955 10,391 11,027 11,465 11,989 Individual A&H 219, , , , ,836 Group A&H 308, , , , ,990 Total 2,598,916 2,346,113 2,177,769 2,032,758 1,849,611 LIFE POLICIES STATISTICS -Ordinary Policies- -Group Policies- -Group Certificates- Year Issued In Force Issued In Force Issued In Force , , , , , , , , , , , , , , ,156 Whole Life Endow. & LIFE INSURANCE IN FORCE ($000) Total Insurance In Force Year Adds Term Credit Group Industrial ,433,720 16,984, ,249 21,903, ,851,565 17,367, ,626 22,770, ,895,001 17,854, ,489 23,330, ,396,956 19,041, ,361 24,079, ,584,706 19,518, ,109 24,925,001 NEW LIFE BUSINESS ISSUED ($000) Year Whole Life & Endow. Term Credit Group Industrial Total Insurance Issued Non- Par (%) Par (%) ,512 1,818,135 4,816 2,205, ,522 1,879,005 8,145 2,273, ,066 1,965,002 3,865 2,376, ,325 2,089,189 2,940 2,614, ,487 2,403,588 1,209 2,954, ORDINARY LIFE STATISTICS Ord. Renew Average 1st Yr 1st Yr Gen. Lapse Premium Ord. Policy Avg Prem / Comm / Exp. / Ratio Persist (in dollars) Prem Total 1st Yr Policies Year % % Issued In Force ($/M) Prem Prem In Force ,161 69, ,871 68, ,455 69, ,275 73, ,321 74, First Year Gen l Exp/ Return on Number of Policies Premium Reserves Reserves Year Issued In Force (000) (%) (%) , ,823 13, , ,860 14, , ,976 14, , ,087 21, , ,500 16, INDIVIDUAL ANNUITY STATISTICS Comm & Exp to Res Exp to NPW (000) Res(%) (%) Benefits & Wdrwls to NPW (%) Benefits & Wdrwls to Res (%) NPW Year (000) ,001 1,142, ,289 1,249, ,634 1,340, ,774 1,439, ,200 1,623, GROUP ANNUITY STATISTICS Comm & Exp to Res Exp to NPW (000) Res (%) (%) Benefits & Wdrwls to NPW (%) Benefits & Wdrwls to Res (%) NPW Year (000) ,645 22, ,619 26, ,448 29, ,065 33, ,151 48, TOTAL ANNUITY ACTUARIAL RESERVES BY WITHDRAWAL CHARACTERISTICS With Min or No Surrender Surrender Charge 5% With Charge (%) or more (%) MVA (%) No Surrender Allowed (%) Total Annuity Year Res (000) ,165, ,275, ,369, ,472, ,671, Printed June 10, Page 4 of 10
5 SEPARATE ACCOUNT DATA Sep Acct Assets 558, , , , ,404 % Growth S/A Assets/Adm Assets Sep Acct Reserves 554, , , , ,041 % Individual Annuities % Group Annuities Other Liabilities 3,894 4, ,087 1,324 Sep Acct Surplus 40 S/A Prems & Deposits 74, ,336 50,416 45,507 43,938 % Individual Annuities % Group Annuities Sep Acct Fees & Charges 8,078 8,929 7,551 6,291 5,729 % Individual Annuities % Group Annuities Fees & Chgs to Assets% Sep Acct Ben & Wdrwls 150,019 96,046 42,969 38,390 30,444 % Individual Annuities % Group Annuities Ben & Wdrwl to Assets% GEOGRAPHIC BREAKDOWN BY DIRECT PREMIUM WRITINGS ($000) California 267, , , , ,767 Oklahoma 113,086 96,314 99,981 99,172 88,630 Texas 74,117 77,995 98,757 97,173 92,753 Kentucky 67,641 56,248 56,577 56,234 53,619 Mississippi 60,433 56,851 54,838 56,263 51,826 Indiana 52,552 51,519 49,113 41,018 32,090 Ohio 42,783 37,003 33,293 30,376 26,546 Nevada 36,641 34,310 31,881 27,644 29,809 Alabama 36,635 32,794 30,821 28,921 29,516 Kansas 32,863 24,061 24,432 24,733 23,036 All Other 348, , , , ,136 Total 1,132,568 1,004,036 1,000, , ,728 RISK MANAGEMENT The American Fidelity organization has a formal enterprise risk management (ERM) program under the direction of a Chief Risk Officer. ERM is considered a company-wide activity and routinely incorporates risk evaluation into its corporate decision-making process. The company addresses market risk, credit risk, underwriting risk, operational risk, strategic risk and liquidity risk. The ERM program was established in 2008 with an ERM committee and hired a Chief Risk Officer to lead the program during To date, the company has established a common risk universe across operating units through a standardized operational and quantitative risk assessment. The company reviews its risk tolerances and risk metrics on a quarterly basis to the Board of Directors and on an as needed basis to the business units. The program continues to evolve and to formalize the monitoring and reporting structures, with a current focus on the National Association of Insurance Commissioners (NAIC) Own Risk and Solvency Assessment (ORSA) reporting. OPERATING PERFORMANCE Operating Results: American Fidelity has reported operating profitability in most of its major lines of business over the past five years. Net income has fluctuated over the past few years, however in 2015 reached its highest level. The net operating gain was the result of increased net investment income and a substantial capital gain. The claims experience was very favorable in The ratio of expenses to total premium declined during the year. Additionally, operating earnings continue to benefit from utilization of the Federal Home Loan Bank (FHLB) borrowings to augment investment income which has produced favorable net investment spreads over the last several years. Historically, American Fidelity s expense ratios have been higher than competitors. The company is focused on a program designed to reduce expenses and maximize operational efficiencies. PROFITABILITY ANALYSIS ($000) Company Pre-tax Net Period Net Oper Operating Net Total Ending Income Gain Income Return ,791 58,212 55,585 55, ,552 59,822 58,513 57, ,178 72,874 71,728 76, ,718 69,506 69,252 69, ,789 72,828 75,367 74,409 5-Yr Total 505, , , ,040 Company Industry Composite Period Operating Operating Operating Operating Ending ROR (%) ROE (%) ROR (%) ROE (%) Yr Avg Printed June 10, Page 5 of 10
6 PROFITABILITY TESTS Comm & Pre-tax Ben Paid Exp to NOG Operating Invest to NPW NPW to Tot NOG to Return on Net Total Year & Dep & Dep Assets Tot Rev Equity Yield Return Year Avg (*) Pre-Tax Invest Total Return quarterly calculation based on more limited quarterly data - see Calculation Specifications. NET OPERATING GAIN ($000) Product Line Ordinary life 9,149 3,184 7,719 4,172 5,307 Group life Supplementary contr Individual annuities 3,625 7,381 4,387 5,022 5,267 Group annuities Individual A&H 24,016 21,579 25,386 26,332 21,293 Group A&H 34,620 36,965 34,941 23,647 25,736 Total 72,828 69,506 72,874 59,822 58,212 ACCIDENT & HEALTH STATISTICS ($000) Net Premiums Net Premiums Loss Exp. Underwriting Year Written Earned Ratio Ratio Results , , , , , , , , , , , , , , ,259 Current Year Experience: Group 342, , ,227 Guarant renew 261, , ,035 Non-renew, S.R Other accident Other INVESTMENT GAINS ($000) Company Net Realized Unrealized Inv Capital Capital Year Income Gains Gains ,146-2, ,353-1,309-1, ,531-1,146 5, , ,129 2, Year Total 816,378-2,798 2,595 Company -Industry Composite- Pre-tax Invest Inv Inc Inv Return on Total Inv Inc Inv Growth Yield Inv Assets Return Growth Yield Year (%) (%) (%) (%) (%) (%) Yr Avg (*) Pre-Tax Invest Total Return quarterly calculation based on more limited quarterly data - see Calculation Specifications. BALANCE SHEET STRENGTH Capitalization: American Fidelity maintains a reasonable level of risk-adjusted capital relative to its insurance and investment risks. The primary contributor to surplus growth has been the company s continued profitable operating results. However, its surplus growth has been limited by significant dividend payments to the parent organization over the past five years totaling approximately $190 million. A.M. Best expects American Fidelity to maintain favorable levels of risk-adjusted capital to support its business growth and its current insurance and investment risks. American Fidelity Corporation, the parent of American Fidelity, is well capitalized. Its debt is comprised of IPRET Trust Preferreds, bank borrowings and debt guaranteed by American Fidelity Corporation on behalf of its subsidiaries. In addition, 9000 Broadway, L.L.C., a subsidiary of American Fidelity Corporation, acquired approximately 150 acres of land in Oklahoma City over a year ago. American Fidelity is headquartered and its sister company, American Public Life, maintains offices in the office tower on the property. However, the vast majority of debt is related to FHLB borrowing by American Fidelity and American Public Life. These FHLB loans are part of an overall spread lending program which is collateralized with American Fidelity and American Public Life investments, which are reasonably well matched from a duration perspective. Current BCAR: 220 CAPITAL GENERATION ANALYSIS ($000) Source of Surplus Growth Pre-Tax Net Realized Unrealized Adjusted Capital Income Capital Year Gain Gains Taxes Gains ,791-2,627 35, ,552-1,309 20,730-1, ,178-1,146 38,303 5, , , ,789 2,539 41, Yr Total 505,027-2, ,785 2,595 Printed June 10, Page 6 of 10
7 Source of Surplus Growth Change Change % Chg in Other in in Year AVR Changes C&S C&S ,076-44,881 7, ,483-41,688 13, ,076-33,936 33, ,071-28,267 37, ,035-42,250 28, Yr Total -20, , , QUALITY OF SURPLUS ($000) Surplus Other Contributed Unassigned Year Notes Debt Capital Surplus , , , , , , , , , ,193 Year-End Asset Valuation Adjusted Year C&S Reserve C&S ,994 8, , ,915 10, , ,671 19, , ,373 22, , ,498 26, ,081 LEVERAGE ANALYSIS Company -Industry Composite- C&S NPW & Dep Change C&S to Surplus to Total in NPW to Surplus Year Liab(%) Relief(%) Capital & Dep(%) Liab(%) Relief(%) CEDED REINSURANCE ANALYSIS Company -Industry Composite- Face Affil Unaffil Total Total Amount Reins Reins Reins Surplus Reins Reins Reins Year Reins Ceded Rec/C&S Rec/C&S Rec/C&S Relief Leverage Rec/C&S Leverage ,627, ,195, ,780, ,611, ,988, Liquidity: American Fidelity has a good liquidity profile as measured by A.M. Best s liquidity ratios and its investment portfolio was in an unrealized gain position at year end 2015, which provides additional liquidity. Other potential liquidity resources include its participation in the FHLB program with additional access to FHLB advances based on available collateral. While overall liquidity remains adequate, American Fidelity has an above average exposure to real estate-related investments, which are typically less liquid investments. LIQUIDITY ANALYSIS Company Operating Non-Inv Delnq & Cash Quick Current Grade Bonds Foreclsd Year Flow ($000) Liquidity Liquidity to Capital Mtg to Capital , , , , , Company Industry Composite Mtg & Cred Affil Ten Lns Invest Quick Current Year & RE to Cap to Capital Liquidity Liquidity Investments: The investment portfolio consists primarily of bonds and mortgage loans which represent approximately 94% of the investment portfolio at year end, with bonds comprising 85.4% and mortgage loans 8.6% of invested assets. In addition, the investment portfolio includes modest amounts of cash and short term investments, real estate, common stock, other invested assets and policy holder loans. Investment yields for the portfolio have continued to trend negatively due to historically low interest rates, which has driven reinvestment yields lower and is an industry-wide issue. INVESTMENT YIELDS Cash & Invest. Net Short- Real Estate Exp. Year Yield Bonds Stocks Mortgages Term Gross Net Ratio Investments - Bond Portfolio: American Fidelity s fixed-income holdings are mainly distributed among the U.S. government, government agency, investment-grade public utility, and corporate sectors. Bonds increased by $218.1 million in 2015 primarily in industrial and miscellaneous followed by special revenue and states, territories and possessions. The increases were partially offset by decreases in U.S. government and hybrid securities. The company maintains a high quality investment portfolio, with nominal Printed June 10, Page 7 of 10
8 exposure to below investment-grade securities. More than one-third of its bond obligations are in mortgage-backed securities, with the majority of these in agency-backed pass-throughs, sequentials, or planned amortization class of collateralized mortgage obligations. American Fidelity holds a modest amount of structured residential mortgage backed securities (RMBS) including prime and ALT-A investments along with some trust preferred collateralized debt obligations. Additionally, American Fidelity participates in the FHLB program which leverages borrowings at preferred low rates that are then invested in securities of similar duration at higher interest rates to enhance its investment spreads and offset spread compression from lower reinvestment yields. The FHLB borrowing was maintained at the prior year s outstanding amount. INVESTMENTS - SECURITIES Current Year Distribution of Bonds By Maturity Years Yrs-Avg Maturity Government Gov t Agencies & Muni Industrial & Misc Hybrid Securities Total Bonds (000) 3,720,637 3,502,506 3,368,279 3,166,212 2,924,366 US Government Foreign Government Foreign - All Other State/Special Revenue - US Industrial & Misc - US Hybrid Securities Private Issues Public Issues Bond Quality (%) Class Class Class Class Class Class INVESTMENTS - EQUITIES Stocks (000) 29,233 25,326 28,661 27,921 27,499 Unaffiliated Common Affiliated Common Unaffiliated Preferred Investments - Mortgage Loans and Real Estate: American Fidelity has sizeable exposure to real estate-related investments. These assets, including mortgage loans, represent more than 90% of the company s total capital and surplus position. The mortgage loan portfolio is comprised primarily of commercial mortgages secured by medical office, industrial, office, and retail facilities. The loans are geographically diversified with no problem mortgage loans, reasonable loan to value ratios, shorter duration and solid debt service coverage ratios. American Fidelity has no direct exposure to subprime mortgage loans. INVESTMENTS - MORTGAGE LOANS & REAL ESTATE Mortgages (000) 393, , , , ,421 Commercial Real Estate (000) 10,713 11,955 12,297 12,726 2,459 Property Held for Inc Property Held for Sale INVESTMENTS - OTHER INVESTED ASSETS Other Inv Assets (000) 249, , , , ,215 Cash Short-Term 6.2 Schedule BA Assets All Other HISTORY Date Incorporated: 11/30/1960 Date Commenced: 12/01/1960 Domicile: OK MANAGEMENT Officers: Chairman of the Board and Chief Executive Officer, William M. Cameron; Chairman of the Board, William E. Durrett; President and Chief Operating Officer, David R. Carpenter; Executive Vice President, Treasurer and Chief Financial Officer, Robert D. Brearton; Executive Vice Presidents, Jeanette M. Rice, Gary E. Tredway; Senior Vice President and Appointed Actuary, Renee M. Bauer; Senior Vice President and Secretary, Christopher T. Kenney; Senior Vice President and Controller, Lucy K. Fritts; Senior Vice Presidents, Lawrence D. Alkire, Alex M. Bagby, Ronald J. Byrne, Kimberly A. Fisher, Keith R. Johnson, Lisa L. Knatvold, Susan A. Relland, Nancee B. Roberson, Rick D. Summerlin. Directors: Gregory S. Allen, John M. Bendheim, Jr., Lynda L. Cameron, William M. Cameron, William E. Durrett, Charles R. Eitel, Theodore M. Elam, Paula Marshall, Tommie J. McDaniel, Stephen M. Prescott, M.D. REGULATORY An examination of the financial condition was made as of December 31, 2010, by the insurance department of Oklahoma. The 2015 annual independent audit of the company was conducted by KPMG, LLP. The annual statement of actuarial opinion is provided by Renee M. Bauer, Senior Vice President & Actuary. Printed June 10, Page 8 of 10
9 Reserve basis: (Current ordinary business): 1980 CSO 4%; 2001 CSO at 4%; CRVM and Net Level valuation. (Group permanent life business): 1958 CSO 3%; CRVM valuation. (Current annuity business): Annuity % and 1994 GAR at 5.5%; CARVM valuation. REINSURANCE The Company has several reinsurance coverages in place for its business. RGA covers comprehensive medical coverage. Risk ceded is 100% of the excess claim per person per year of the individual specific deductible of $600,000. There is no maximum limit per person. Zurich American Insurance Company indemnifies the company in respect to losses that accrue to the company as a result of accidental death. The company is liable for net retained losses up to a deductible limit. All covered losses in excess of such deductible are covered 100% by the company. There is no maximum limit on recoveries. Hannover Life Re America covers group voluntary AD&D. Risk ceded is 50% of total face amount. Maximum policy face amount is $250,000. Swiss Re and seven other reinsurers cover individual life risk per insured excess of $250,000 or quota share (retained 10% to 25%). Maximum retention per life is $500,000. RGA covers 25% of the long term disability block. Hannover Life Re America covers 100% of accident claims of group life plan for American Fidelity Group. Hanover Re (Ireland) Plc covers 100% coinsurance of 100% of retained risk of Mid-Continent Life block. FINANCIAL INFORMATION BALANCE SHEET ($000) - YE 2015 Assets Liabilities Total bonds 3,720,637 +Net policy reserves 2,588,961 Total preferred stocks 4,211 Policy claims 152,760 Total common stocks 25,022 Deposit type contracts 9,955 Mortgage loans 393,281 Interest maint reserve 24,431 Real estate 10,713 Comm taxes expenses 94,340 Contract loans 52,674 Borrowed money 522,915 Cash & short-term inv 175,188 Asset val reserve 26,584 Prems and consids due 78,912 Funds held reinsurance 737,412 Accrued invest income 39,991 Other liabilities 56,941 Other assets 122,168 Tot liab w/o sep accts 4,214,299 Tot assets w/o sep accts 4,622,797 Separate account bus 558,315 Separate account bus 558,315 Total liabilities 4,772,614 Common stock 2,500 Paid in & contrib surpl 5,805 Unassigned surplus 400,193 Assets 5,181,111 Total 5,181,111 +Analysis of reserves; Life $352,595; annuities $1,671,160; supplementary contracts with life contingencies $695; accidental death benefits $1,221; disability active lives $2,739; disability disabled lives $14,501; miscellaneous reserves $18,035; accident & health $528,014. SUMMARY OF OPERATIONS ($000) Premiums: Death benefits 21,862 Ordinary life 96,559 Annuity benefits 9,053 Individual annuities 239,200 Surrender benefits 107,192 Group life 1,462 Acc & health benefits 294,444 Group annuities 18,151 Int on policy funds 411 Acc & health group 341,384 Supplementary contracts 128 Acc & health other 261,137 Incr life reserves 220,776 Total premiums 957,892 Incr a & h reserves 32,463 Net investment income 173,129 Commissions 125,453 Amort interest maint res 3,803 Comm exp reins assumed 13,360 Comm & exp reins ceded -3,157 Insur taxes lic & fees 27,100 Res adj on reins ceded -235 General ins expenses 201,215 Reinsurance income 28,029 Net transf to sep acct 919 Other income 9,971 Mgt and/or service fee 410 Total 1,169,843 Total 1,054,375 Gain from operations before FIT & div to policyholders ,468 Dividends to policyholders: life Gains from operations after dividends to policyholders ,789 Federal income taxes incurred... 41,961 Net gain from operations after FIT and dividends... 72,828 CASH FLOW ANALYSIS ($000) Funds Provided Funds Applied Gross cash from oper 1,180,333 Benefits paid 441,960 Long-term bond proceeds 386,365 Comm, taxes, expenses 360,789 Mortgage loan proceeds 52,011 Long-term bonds acquired 595,564 Other cash provided 5,731 Other cash applied 183,914 Incr cash & short-term 42,212 Total 1,624,439 Total 1,624,439 Printed June 10, Page 9 of 10
10 Why is this Best s Rating Report important to you? A Best s Rating Report from the A.M. Best Company showcases the opinion from the leading provider of insurer ratings of a company s financial strength and ability to meet its obligations to policyholders, as well as its relative credit risk. The A.M. Best Company is the oldest, most experienced rating agency in the world and has been reporting on the financial condition of the insurance companies since A Best s Financial Strength Rating is an independent opinion of an insurer s financial strength and ability to meet its ongoing insurance policy and contract obligations. The Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance policy and contract obligations. The rating is not assigned to specific insurance policies or contracts and does not address any other risk, including, but not limited to, an insurer s claims-payment policies or procedures; the ability of the insurer to dispute or deny claims payment on grounds of misrepresentation or fraud; or any specific liability contractually borne by the policy or contract holder. The rating is not a recommendation to purchase, hold or terminate any insurance policy, contract or any other financial obligation issued by an insurer, nor does it address the suitability of any particular policy or contract for a specific purpose or purchaser. In arriving at a rating decision, A.M. Best relies on third-party audited financial data and/or other information provided to it. While this information is believed to be reliable, A.M. Best does not independently verify the accuracy or reliability of the information. PROOF The company information appearing in this pamphlet is an extract from the complete company report prepared by the A.M. Best Company or A.M. Best Europe Rating Services Limited. For the latest Best s Financial Strength Ratings along with their definitions and A.M. Best s Terms of Use, visit the A.M. Best website at You may also obtain AMB Credit Reports by visiting our site or calling our Customer Service department at , ext To expedite your request, please provide the company s identification number (AMB#). Copyright 2016 A.M. Best Company, Inc. and/or its affiliates. All rights reserved. No part of this report may be reproduced, distributed, or stored in a database or retrieval system, or transmitted in any form or by any means without the prior written permission of the A.M. Best Company. While the data in this report was obtained from sources believed to be reliable, its accuracy is not guaranteed. Printed June 10, Page 10 of 10
Ultimate Parent: Cameron Associates Inc AMERICAN FIDELITY ASSURANCE COMPANY
Oklahoma City, Oklahoma A+ PROOF Ultimate Parent: Cameron Associates Inc AMERICAN FIDELITY ASSURANCE COMPANY 2000 N. Classen Boulevard, Suite 10E Oklahoma City, OK 73106 Web: www.afadvantage.com Tel.:
More informationBest s Rating Report
Cincinnati, Ohio A Ultimate Parent: American Financial Group, Inc GREAT AMERICAN LIFE INSURANCE COMPANY Mail: P.O. Box 5420, Cincinnati, OH 45201-5420 Web: www.gaig.com Tel: 513-357-3300 Fax: 513-412-1673
More informationBest s Rating Report
Pittsburgh, Pennsylvania A- Ultimate Parent: Highmark Health HM LIFE INSURANCE COMPANY Mail: P.O. Box 535061, Pittsburgh, PA 15253-5061 Web: www.hmig.com Tel: 800-328-5433 Fax: 717-260-7261 AMB#: 009063
More informationBest s Rating Report
TRANSAMERICA LIFE INSURANCE COMPANY A+ TRANSAMERICA PREMIER LIFE INSURANCE COMPANY A+ TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY A+ TRANSAMERICA ADVISORS LIFE INSURANCE COMPANY A+ A+ Printed February
More informationBest s Rating Report
Cincinnati, Ohio A+ Ultimate Parent: American Financial Group, Inc GREAT AMERICAN INSURANCE COMPANY 301 E. Fourth Street Cincinnati, OH 45202 Web: www.greatamericaninsurancegroup.com Tel: 513-369-5000
More informationLIFE AND ACCIDENT AND HEALTH
201 FOR THE YEAR ENDED DECEMBER 1, 201 LIFE AND ACCIDENT AND HEALTH 201 Schedule A - Part 1 - Real Estate Owned Schedule A - Part 2 - Real Estate Acquired and Additions Made Schedule A - Part - Real Estate
More informationBest s Rating Report
TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA TIAA-CREF LIFE INSURANCE COMPANY A++ A++ New York, New York Printed July 14, 2017 www.ambest.com Page 1 of 27 Ultimate Parent: Teachers Insurance &
More informationBest s Rating Report
AMERITAS LIFE INSURANCE CORP. AMERITAS LIFE INSURANCE CORP. OF NEW YORK A A Lincoln, Nebraska A Printed August 18, 2017 www.ambest.com Page 1 of 24 Ultimate Parent: Ameritas Mutual Holding Company AMERITAS
More informationPRODUCER ANNUITY SUITABILITY TRAINING REQUIREMENTS BY STATE As of September 11, 2017
PRODUCER ANNUITY SUITABILITY TRAINING REQUIREMENTS BY STATE As of September 11, 2017 This document provides a summary of the annuity training requirements that agents are required to complete for each
More informationBest s Rating Report
THE OHIO NATIONAL LIFE INSURANCE COMPANY A+ OHIO NATIONAL LIFE ASSURANCE CORPORATION A+ Cincinnati, Ohio Printed December 21, 2017 www.ambest.com Page 1 of 22 Ultimate Parent: Ohio National Mutual Holdings
More informationBest s Rating Report
Columbus, Ohio A- Ultimate Parent: Helios Financial Holdings Corp. DEALERS ASSURANCE COMPANY Exec/Admin: 15920 Addison Rd. Addison, TX 75001 Mailing: 240 N. Fifth Street, Suite 350, Columbus, OH 43215
More information2017 Supplemental Tax Information
2017 Supplemental Tax Information We have compiled the following information to help you prepare your 2017 federal and state tax returns: - Percentage of income from U.S. government obligations - Federal
More informationHartford Insurance Group
Rating and Commentary 1 Best's Credit Rating: N/A Rating Rationale: N/A Report Commentary: N/A Financial 2 Time Period: 2nd Quarter - 2013 Last Updated: 08/24/2013 Status: Quality Cross Checked General
More informationBest s Rating Report
Miami, Florida A- Ultimate Parent: BMI Financial Group, Inc. BEST MERIDIAN INSURANCE COMPANY 8950 S.W. 74th Court, 24th Floor Miami, FL 33156 Web: www.bmicos.com Tel: 305-443-2898 Fax: 305-668-3608 AMB#:
More informationAmerican International Group
Rating and Commentary 1 Best's Credit Rating: N/A Rating Rationale: N/A Report Commentary: N/A Financial 2 Time Period: 1st Quarter - 2013 Last Updated: 08/21/2013 Status: Quality Cross Checked General
More informationComparative Revenues and Revenue Forecasts Prepared By: Bureau of Legislative Research Fiscal Services Division State of Arkansas
Comparative Revenues and Revenue Forecasts 2010-2014 Prepared By: Bureau of Legislative Research Fiscal Services Division State of Arkansas Comparative Revenues and Revenue Forecasts This data shows tax
More informationASSETS DETAILS OF WRITE-INS
ASSETS General Account Basis Current Year Fair Value Basis Total (Cols. + ) Prior Year 4. Bonds (Schedule D). Stocks (Schedule D):. Preferred stocks. Common stocks. Mortgage loans on real estate (Schedule
More informationBest s Rating Report
Surety INTERNATIONAL FIDELITY INSURANCE COMPANY Newark, New Jersey A- Ultimate Parent: IFIC Surety Group, Inc. INTERNATIONAL FIDELITY INSURANCE COMPANY One Newark Center, 20th Floor Newark, NJ 07102-5207
More informationBest s Rating Report
AMALGAMATED LIFE INSURANCE COMPANY White Plains, New York A (Excellent) Ultimate Parent: National Retirement Fund AMALGAMATED LIFE INSURANCE COMPANY 333 Westchester Avenue White Plains, NY 10604 Web: www.amalgamatedlife.com
More informationBest s Rating Report. Associated With: AmTrust Financial Services, Inc AMTRUST GROUP AMTRUST GROUP
AMTRUST GROUP Best s FSR FSC AmTrust International Ins Ltd A XV Technology Insurance Co., Inc A XV Rochdale Insurance Company A XV ARI Insurance Company A XV AmTrust Europe Limited A XV AmTrust Insurance
More informationFlorida 1/1/2016 Workers Compensation Rate Filing
Florida 1/1/2016 Workers Compensation Rate Filing Kirt Dooley, FCAS, MAAA October 21, 2015 1 $ Billions 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Florida s Workers Compensation Premium Volume 2.368 0.765 0.034
More informationThe Acquisition of Regions Insurance Group. April 6, 2018
The Acquisition of Regions Insurance Group April 6, 2018 Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform
More informationBest s Rating Report. Associated With: ProAssurance Corporation PROASSURANCE GROUP
PROASSURANCE GROUP Medmarc Casualty Insurance Co A+ Noetic Specialty Insurance Co A+ Podiatry Ins Co of America A+ ProAssurance Casualty Company A+ ProAssurance Indemnity Co Inc. A+ ProAssurance American
More informationThe Lincoln National Life Insurance Company Term Portfolio
The Lincoln National Life Insurance Company Term Portfolio State Availability as of 7/16/2018 PRODUCTS AL AK AZ AR CA CO CT DE DC FL GA GU HI ID IL IN IA KS KY LA ME MP MD MA MI MN MS MO MT NE NV NH NJ
More informationBest s Rating Report
SOUTHERN FARM BUREAU LIFE INSURANCE COMPANY Jackson, Mississippi A+ SOUTHERN FARM BUREAU LIFE INSURANCE COMPANY Mail: P.O. Box 78, Jackson, MS 39205 Web: www.sfbli.com Tel: 601-981-7422 Fax: 601-981-9894
More information2016 Workers compensation premium index rates
2016 Workers compensation premium index rates NH WA OR NV CA AK ID AZ UT MT WY CO NM MI VT ND MN SD WI NY NE IA PA IL IN OH WV VA KS MO KY NC TN OK AR SC MS AL GA TX LA FL ME MA RI CT NJ DE MD DC = Under
More informationAssociated With: AmTrust Financial Services, Inc AMTRUST GROUP AMTRUST GROUP
AMTRUST GROUP Best s FSR FSC AmTrust International Ins Ltd A XIV Technology Insurance Co., Inc A XIV Rochdale Insurance Company A XIV ARI Insurance Company A XIV AmTrust Europe Limited A XIV AmTrust Insurance
More informationFlexMark Select SM Series Annuity Quick Reference
FlexMark Select SM Series Annuity Quick Reference Carrier Features Income Riders** Bonus Crediting Options Liquidity 3/1/2019 Available Ameritas Life Corp., Lincoln, NE Ratings: A.M. Best A (Excellent)
More informationRLI TRANSPORTATION A Division of RLI Insurance Company 2970 Clairmont Road, Suite 1000 Atlanta, GA Phone: Fax:
RLI TRANSPORTATION A Division of RLI Insurance Company 2970 Clairmont Road, Suite 1000 Atlanta, GA 30329 Phone: 404-315-9515 Fax: 404-315-6558 AGENCY/BROKER PROFILE Please type your answers. Use a separate
More informationNCSL Midwest States Fiscal Leaders Forum. March 10, 2017
NCSL Midwest States Fiscal Leaders Forum March 10, 2017 Public Pensions: 50-State Overview David Draine, Senior Officer Public Sector Retirement Systems Project The Pew Charitable Trusts More than 40 active,
More informationPRODUCTS CURRENTLY AVAILABLE FOR SALE. Marquis SP
INTEREST RATES - April 16, 2017 to May 15, 2017 Notices 1. Before soliciting or taking any annuity applications, it is required that you have completed Lafayette Life's Annuity Training and any Continuing
More informationehealth, Inc Fall Cost Report for Individual and Family Policyholders
ehealth, Inc. 2010 Fall Cost Report for and Family Policyholders Table of Contents Page Methodology.................................................................. 2 ehealth, Inc. 2010 Fall Cost Report
More informationState of the Automotive Finance Market
State of the Automotive Finance Market A look at loans and leases in Q4 2017 Presented by: Melinda Zabritski Sr. Director, Financial Solutions www.experian.com/automotive 2018 Experian Information Solutions,
More informationACORD Forms Updated in AMS R1
ACORD Forms Updated in AMS360 2017 R1 The following forms will use the ACORD form viewer, also new in this release. Forms with an indicate they were added because of requests in the Product Enhancement
More informationUltimate Parent: National Western Life Group, Inc. NATIONAL WESTERN LIFE INSURANCE COMPANY. Denver, Colorado
Denver, Colorado A Ultimate Parent: National Western Life Group, Inc. NATIONAL WESTERN LIFE INSURANCE COMPANY Exec/Admin: 850 East Anderson Lane Austin, TX 78752-1602 Web: www.nationalwesternlife.com Tel:
More informationUTILIZATION OF CAPTIVES TODAY
UTILIZATION OF CAPTIVES TODAY November 20, 2015 Prepared by: Julie Patel Vice President Marsh Captive Solutions Utilization of Captives Today Objectives of Discussion 1. Captive Basics 2. The Process of
More informationAge of Insured Discount
A discount may apply based on the age of the insured. The age of each insured shall be calculated as the policyholder s age as of the last day of the calendar year. The age of the named insured in the
More informationVariable Universal Life Permanent Life Insurance. Flexible premiums and potential cash value
Variable Universal Life Permanent Life Insurance Flexible premiums and potential cash value Why consider a Variable Universal Life Policy? Permanent life insurance protection, plus potential cash value
More informationOlder consumers and student loan debt by state
August 2017 Older consumers and student loan debt by state New data on the burden of student loan debt on older consumers In January, the Bureau published a snapshot of older consumers and student loan
More informationEye on the South Carolina Housing Market presented at 2008 HBA of South Carolina State Convention August 1, 2008
Eye on the South Carolina Housing Market presented at 28 HBA of South Carolina State Convention August 1, 28 Robert Denk Assistant Staff Vice President, Forecasting & Analysis 2, US Single Family Housing
More informationBest's Key Rating Guide Presentation Report December 14, 2010
Page 1 of 5 Best's Key Rating Guide Presentation Report December 14, 2010 This A.M. Best report is provided compliments of: Insurance One Agency 712 N Hampton Rd, Suite 180 DeSoto, TX 75115 Arch Insurance
More informationNew York Life Insurance Company
BEST S RATING REPORT 51 Madison Avenue, Room 353, New York, New York, United States 10010 AMB #: 006820 NAIC #: 66915 FEIN#: 13-5582869 Phone: 212-576-7000 Fax: 212-576-7317 Website: www.newyorklife.com
More informationACORD Forms in ebixasp (03/2004)
ACORD Forms in ebixasp (03/2004) Form number Form Name Edition Date 1 Property Loss Notice 2002/1 2 Automobile Loss Notice 2002/1 3 General Liability Notice of Occurrence/Claim 2002/1 4 Workers Compensation
More informationThe Hartford Financial Services Group, Inc. October 23, 2017 The Hartford to Acquire Aetna s U. S. Group Life and Disability Business
The Hartford Financial Services Group, Inc. October 23, 2017 The Hartford to Acquire Aetna s U. S. Group Life and Disability Business Copyright 2017 by The Hartford. All rights reserved. No part of this
More informationLibertyMark SM Series Annuity Quick Reference
Carrier Features Bonuses Americo Life and Annuity Kansas City, MO A.M. Best A (Excellent) for strength. 3rd highest of 15 7/29/2016 LibertyMark Series single premium deferred fixed indexed annuities* Bonus
More informationPrinted December 20, Page 1 of 18
ODYSSEY REINSURANCE GROUP Odyssey Reinsurance Company Hudson Insurance Company Hudson Specialty Ins Co Hudson Excess Insurance Co Newline Insurance Company Ltd A A A A A Printed December 20, 2016 www.ambest.com
More informationLibertyMark SM Series Annuity Quick Reference
Carrier Features Bonuses Americo Life and Annuity Kansas City, MO A.M. Best A (Excellent) for strength. 3rd highest of 15 9/8/2016 LibertyMark Series single premium deferred fixed indexed annuities* Bonus
More informationState Trust Fund Solvency
Unemployment Insurance State Trust Fund Solvency National Employment Law Project Conference - Washington DC December 7, 2009 Robert Pavosevich pavosevich.robert@dol.gov Unemployment Insurance Program
More informationSTATE TAX WITHHOLDING GUIDELINES
STATE TAX WITHHOLDING GUIDELINES ( Guardian Insurance & Annuity Company, Inc. and Guardian Life Insurance Company of America (hereafter collectively referred to as Company )) (Last Updated 11/2/215) state
More informationLibertyMark SM Series Annuity Quick Reference
Carrier Features es Americo Life and Annuity Kansas City, MO A.M. Best A (Excellent) for strength. 3rd highest of 15 6/15/2015 LibertyMark Series single deferred fixed Years 7 No 7 7 Yes 7 10 No 10 10
More informationCompany BEST S RATING REPORT. The Cincinnati Life Insurance Company South Gilmore Road, Fairfield, Ohio, United States
BEST S RATING REPORT Company 6200 South Gilmore Road, Fairfield, Ohio, United States 45014-5141 Mailing Address: P.O. Box 145496, Cincinnati, Ohio, United States 45250-5496 AMB #: 006568 NAIC #: 76236
More informationAthene Performance Elite 10
Athene Performance Elite 10 Product Guide Rates effective January 14, 2019 State Availability WA MT ND VT ME CA # OR NV ID AZ UT WY NM CO SD NE KS OK MN WI IA IL MO^ AR MI OH IN KY TN PA WV VA NC SC NY
More informationProperty Tax Relief in New England
Property Tax Relief in New England January 23, 2015 Adam H. Langley Senior Research Analyst Lincoln Institute of Land Policy www.lincolninst.edu Property Tax as a % of Personal Income OK AL IN UT SD MS
More informationAthene Performance Elite 10
Athene Performance Elite 10 Product Guide Rates effective February 12, 2018 State Availability WA MT ND VT ME CA # OR NV ID AZ UT WY NM CO SD NE KS OK MN WI MI IA PA OH IN IL MO^ WV KY VA NC TN AR SC MS
More informationAviva Announcing Changes to Products and Annuity Rates
September 9, 2011 Aviva Announcing Changes to Products and Annuity Rates This field update contains information on product and rate changes effective September 16, 2011. We want to thank you for all of
More informationPercent of Employees Waiving Coverage 27.0% 30.6% 29.1% 23.4% 24.9%
Number of Health Plans Reported 18,186 3,561 681 2,803 3,088 Offer HRA or HSA 34.0% 42.7% 47.0% 39.7% 35.0% Annual Employer Contribution $1,353 $1,415 $1,037 $1,272 $1,403 Percent of Employees Waiving
More informationLibertyMark SM Series Annuity Quick Reference
Carrier Features es Americo Life and Annuity Kansas City, MO A.M. Best A- (Excellent) for strength. 4 th LibertyMark Series single deferred fixed indexed annuities* Version Dual Years 7 No 7 10 No 10 10
More informationIndexed Universal Life Caps
Indexed Universal Life Caps Effective March 15, 2013, the caps on FG Life-Elite II will be changing as follows: Cap Illustrative Rate 100% Participation Annual Point-to-Point 14.75% 8.32% 140% Participation
More informationSpectraMark SM Series Annuity Quick Reference
SpectraMark SM Series Annuity Quick Reference As of Carrier Product Product Features Liquidity Options/ Rider Features / Crediting Options Guaranteed Rates B++ (Good) for For most current rating information,
More informationAthene Performance Elite 7
Athene Performance Elite 7 Product Guide Rates effective September 8, 2018 State Availability Performance Elite 7: ages 0 83 Performance Elite 7 is not available for sale at this time. **Confinement Waiver
More informationLibertyMark SM Series Annuity Quick Reference
Carrier Features es LibertyMark SM Series Annuity Quick Reference 800-395-1053, Ext. 4002 As of 5/18/2015 ** Crediting Strategies* Approved Americo Life and Annuity Kansas City, MO A.M. Best A (Excellent)
More informationInstallment Loans CHARTS. No cap other than unconscionability:
NCLC NATIONAL CONSUMER LAW CENTER Installment Loans WILL STATES PROTECT BORROWERS FROM A NEW WAVE OF PREDATORY LENDING? Copyright 2015, National Consumer Law Center, Inc. CHARTS CHART 1 Full APRs Allowed
More informationLehman Brothers 2007 Global Healthcare Conference March 20, Ronald A. Williams Chairman, CEO and President
March 20, 2007 Ronald A. Williams Chairman, CEO and President 2 Cautionary Statement CAUTIONARY STATEMENT -- Certain information in this presentation is forward looking information. Forward-looking information
More informationFlexMark Select SM Series Annuity Quick Reference
800-395-1053, Ext. 4002 FlexMark Select SM Series Annuity Quick Reference Carrier Features Income Riders** Bonus Crediting Options* Liquidity As of 9/1/2018 Available Ameritas Life Corp., Lincoln, NE Ratings:
More informationAmeriMark SM Freedom Annuity Series Quick Reference
Annuity Series Quick Reference Carrier Product Features Schedule % Crediting Rate Strategies Rates As of Fidelity & Guaranty Life Baltimore, MD B++ (Good) for strength. 5 th For most current rating information,
More informationPalomar Specialty Insurance Company
BEST S RATING REPORT Palomar Specialty Insurance Company Portland, Oregon, United States 97204 Exec. Office: 7979 Ivanhoe Avenue, Suite 500, La Jolla, California, United States 92037 AMB #: 022031 NAIC
More informationINTEREST RATES - January 16, 2018 to February 15, 2018
INTEREST RATES - January 16, 2018 to February 15, 2018 Notices 1. Before soliciting or taking any annuity applications, you are required to complete Lafayette Life's Annuity Training and any Continuing
More informationINTEREST RATES - September 16, 2018 to October 16, 2018
INTEREST RATES - September 16, 2018 to October 16, 2018 Notices 1. Before soliciting or taking any annuity applications, you are required to complete Lafayette Life's Annuity Training and any Continuing
More informationMortgagee Protection Policy
Mortgagee Protection Policy Application for Coverage Named Insured: Date Established: Principal Address: Effective date of coverage: Description of operations: PORTIONS OF THIS APPLICATION APPLY TO MORTGAGEE
More informationNASRA Issue Brief: Employee Contributions to Public Pension Plans
NASRA Issue Brief: Employee Contributions to Public Pension Plans September 2017 Unlike in the private sector, nearly all employees of state and local government are required to share in the cost of their
More informationSIGNIFICANT PROVISIONS OF STATE UNEMPLOYMENT INSURANCE LAWS JANUARY 2008
U.S. DEPARTMENT OF LABOR EMPLOYMENT AND TRAINING ADMINISTRATION Office Workforce Security SIGNIFICANT PROVISIONS OF STATE UNEMPLOYMENT INSURANCE LAWS JANUARY 2008 AL AK AZ AR CA CO CT DE DC FL GA HI /
More information36 Million Without Health Insurance in 2014; Decreases in Uninsurance Between 2013 and 2014 Varied by State
36 Million Without Health Insurance in 2014; Decreases in Uninsurance Between 2013 and 2014 Varied by State An estimated 36 million people in the United States had no health insurance in 2014, approximately
More informationLong-Term Care Partnership Overview & Training Requirements Guide
Long-Term Care Insurance Mutual of Omaha Insurance Company SM Long-Term Care Partnership Overview & Training Requirements Guide 75014 Version November 16, 2015 For producer use only. Not for use with the
More informationBest s Rating Report
WELLMARK, INC. WELLMARK OF SOUTH DAKOTA, INC. WELLMARK HEALTH PLAN OF IOWA, INC. A A A Printed September 8, 2017 www.ambest.com Page 1 of 24 Ultimate Parent: Wellmark Inc WELLMARK, INC. 1331 Grand Avenue
More informationLife, A&H, and Fraternal Insurance Industry Analysis Report
2015 Life, A&H, and Fraternal Insurance Industry Analysis Report Contents Premium 5 Investment Income 6 Operations 7 Assets 8 Liabilities 9 Capital and Surplus 9 Liquidity 10 Separate Accounts 10 Fraternal
More informationAthene Ascent Pro Bonus
SM Athene Ascent Pro Bonus Product Guide Rates effective October 7, 2017 State Availability Ascent 10 Bonus 2.0: Ages 35-80 Ascent Pro 10 Bonus Select: Ages 35-80 Ascent 10 Bonus 2.0: Ages 35-64 Ascent
More informationSTATE OF THE LINE REPORT
ANNUAL ISSUES SYMPOSIUM STATE OF THE LINE REPORT T H E SYSTEM @WORK KATHY ANTONELLO, FCAS, FSA, MAAA CHIEF ACTUARY NCCI Copyright NCCI Holdings, Inc. All Rights Reserved. ANNUAL ISSUES SYMPOSIUM PROPERTY/CASUALTY
More informationUnemployment Insurance Benefit Adequacy: How many? How much? How Long?
Unemployment Insurance Benefit Adequacy: How many? How much? How Long? Joel Sacks, Deputy Commissioner Washington State Employment Security Department March 1, 2012 1 Outline How many get unemployment
More information2018 ADDENDUM INSTRUCTIONS
2018 ADDENDUM INSTRUCTIONS FEBRUARY 22, 2019 UPDATE: 2018 MUNICIPAL REFERENCE BOOK 1. DELAWARE funds are listed on page 15. You may note on page 15 to see the addendum for additional Delaware funds. The
More informationFourth Quarter 2014 Financial Results Supplement
Fourth Quarter 20 Financial Results Supplement February 19, 2015 Table of contents Financial Results Segment Business Information 2 - Annual Financial Results 12 - Single-Family New Funding Volume 3 -
More informationSample Insurance Company
Report Revision Date: 03/15/2016 Rating and Commentary 1 Best's Credit Rating: 09/28/2015 Rating Rationale: 09/28/2015 Report Commentary: 03/15/2016 Financial 2 Time Period: 1st Quarter - 2016 Last Updated:
More informationAthene Performance Elite 15
Athene Performance Elite 15 Product Guide Rates effective March 2, 2018 State Availability Performance Elite 15: ages 0 73 Performance Elite 15: ages 0 50 Performance Elite 15: ages 0 47 Performance Elite
More informationLong-Term Care Education Requirements Prior to Selling
for Training AK All Health 8 hrs 4 hrs 24 months AL All Accident & Health 8 hrs 4 hrs Renewal deadline is the date the license expires. s are renewed biennially based on agent's birth month and year. AR
More informationFlexMark Select SM Series Annuity Quick Reference
800-395-1053, Ext. 4002 FlexMark Select SM Series Annuity Quick Reference Carrier Features Income Riders** Bonus Crediting Options* Liquidity As of 7/1/2018 Available Ameritas Life Corp., Lincoln, NE Ratings:
More informationWho s Above the Social Security Payroll Tax Cap? BY NICOLE WOO, JANELLE JONES, AND JOHN SCHMITT*
Issue Brief September 2011 Center for Economic and Policy Research 1611 Connecticut Ave, NW Suite 400 Washington, DC 20009 tel: 202-293-5380 fax: 202-588-1356 www.cepr.net Who s Above the Social Security
More informationGuardian Life Insurance Company of America
006508 - Guardian Life Insurance Company of America Report Revision Date: 11/22/2013 Rating and Commentary 1 Best's Credit Rating: 10/25/2013 Rating Rationale: 10/25/2013 Report Commentary: 11/19/2013
More informationIntroduction to the Individual LTC Standards of the Interstate Insurance Product Regulation Commission (IIPRC) March 2011
Introduction to the Individual LTC Standards of the Interstate Insurance Product Regulation Commission (IIPRC) March 2011 Karen Schutter, Executive Director, IIPRC Marie Roche, Assistant Vice President,
More informationTCJA and the States Responding to SALT Limits
TCJA and the States Responding to SALT Limits Kim S. Rueben Tuesday, January 29, 2019 1 What does this mean for Individuals under TCJA About two-thirds of taxpayers will receive a tax cut with the largest
More informationLong-Term Care Education Requirements Prior to Selling
for AK All Health 8 hrs 4 hrs 24 months AL All Accident & Health 8 hrs 4 hrs Renewal deadline is the date the license expires. s are renewed biennially based on agent's birth month and year. AR All Accident,
More informationLong-Term Care Partnership Overview & Training Requirements Guide
Long-Term Care Partnership Overview & Training Requirements Guide Version Sept. 12, 2012 M28108 Contents LONG-TERM CARE PARTNERSHIP OVERVIEW & TRAINING REQUIREMENTS GUIDE Long-Term Care Partnership Overview...4
More informationS&P Year Point-to-Point Index Strategy (Cap) 6.00% Bailout Cap Rate 3.00% 1-Year Monthly Cap Index Strategy (Cap) 2.15%
SM Athene Protector 5 Product Guide Rates effective March 12, 2018 State Availability Ages 0-85 Not available + Confinement Waiver is not available in MA # No Confinement or Terminal Illness Waiver WA
More informationCOMPARISON OF ABA MODEL RULE FOR REGISTRATION OF IN-HOUSE COUNSEL WITH STATE VERSIONS
As of September 7, 2016 2016 American Bar Association COMPARISON OF ABA MODEL RULE FOR REGISTRATION OF IN-HOUSE COUNSEL WITH STATE VERSIONS AMERICAN BAR ASSOCIATION CENTER FOR PROFESSIONAL RESPONSIBILITY
More informationHealth Insurance Price Index for October-December February 2014
Health Insurance Price Index for October-December 2013 February 2014 ehealth 2.2014 Table of Contents Introduction... 3 Executive Summary and Highlights... 4 Nationwide Health Insurance Costs National
More informationMARKET TRENDS: MEDICARE SUPPLEMENT. Gorman Health Group, LLC
MARKET TRENDS: MEDICARE SUPPLEMENT Gorman Health Group, LLC Issued: December 1, 2016 TABLE OF CONTENTS EXECUTIVE SUMMARY... 3 OVERALL TRENDS IN MEDICARE SUPPLEMENT ENROLLMENT... 4 NATIONWIDE ENROLLMENT...
More informationCost and Coverage Implications of the ACA Medicaid Expansion: National and State by State Analysis
Cost and Coverage Implications of the ACA Medicaid Expansion: National and State by State Analysis Report Authors: John Holahan, Matthew Buettgens, Caitlin Carroll, and Stan Dorn Urban Institute November
More informationAthene Ascent Accumulator 10
SM Athene Ascent Accumulator 10 Product Guide Rates effective December 1, 2017 State Availability Ages 0-80 Not available + Base Confinement Waiver is not available in MA # Minimum Interest Credit is not
More informationAthene Ascent Pro Bonus
SM Athene Ascent Pro Bonus Product Guide Rates effective October 7, 2017 State Availability Ascent 10 Bonus 2.0: Ages 35-80 Ascent Pro 10 Bonus Select: Ages 35-80 Ascent 10 Bonus 2.0: Ages 35-64 Ascent
More informationNOTICE OF FEDERAL AND STATE TAX INFORMATION FOR PSA PLAN PAYMENTS YOUR ROLLOVER OPTIONS
NOTICE OF FEDERAL AND STATE TAX INFORMATION FOR PSA PLAN PAYMENTS YOUR ROLLOVER OPTIONS Retain this Notice for Future Reference You are receiving this notice because all or a portion of a payment you are
More informationSchedule of Commissions
American Continental Insurance Company (ACI) Aetna Health Insurance Company (AHIC) Aetna Health and Life Insurance Company (AHLIC) Aetna Life Insurance Company (ALIC) Continental Life Insurance Company
More informationFlexMark Select SM Series Annuity Quick Reference
800-395-1053, Ext. 4002 FlexMark Select SM Series Annuity Quick Reference Carrier Features Income Riders** Bonus Crediting Options* Liquidity As of 3/1/2018 Available Ameritas Life Corp., Lincoln, NE Ratings:
More information