Development
US BRANCH THE SUN LIFE ASSR
Major Rating Factors:
Low quality investment portfolio (1.4 on a scale of 0 to 10) containing significant exposure to mortgages . Mortgage default rate has been low. Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak overall results on stability tests (1.7) including weak risk adjusted capital in prior years.
Other Rating Factors:
Fair capitalization (3.2) based on fair risk adjusted capital (moderate loss scenario). Fair Liquidity (3.3).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
Principal Lines of Business:
Group health (69.5%), group life (25.0%), ind health (0.1%), other (5.4%)
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
Sun Life Assurance Group
Investment Rating
Company Address
150 King Street West
Toronto Ontario, ON 02481
Toronto Ontario, ON 02481
Phone Number
(781) 446-1514
NAIC Number
80802
Website
Largest Affiliates