Development
A
AMERICAN CONTINENTAL INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Good overall results on stability tests (5.9 on a scale of 0 to 10) despite fair financial strength of affiliated Aetna Inc. Strengths that enhance stability include excellent risk diversification. Good Liquidity (6.5) with sufficient resources to handle a spike in claims. Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors: Strong capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (7.7).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business: Ind health (91.3%), other (8.7%)
Licensed in: All states except AK, CA, CT, DC, DE, HI, ID, ME, MD, MA, NH, NJ, NY, OR, RI, VT, WA, PR
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
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Investments in Affiliates
Corporate Info
Group Affiliation
Aetna Inc
Investment Rating
CVS
Company Address
800 CRESENT CENTRE DR STE 200
FRANKLIN, TN 37064
Phone Number
(800) 264-4000
NAIC Number
12321
Largest Affiliates
C
HARTFORD, CT - L&A
C
HARTFORD, CT - L&A
C
DOWNERS GROVE, IL - L&A