|
Company Info |
|
Company Name |
West Coast Life |
All dollar amounts are in thousands |
|
Ratings |
|
A.M. Best |
A+ |
|
Standard & Poor's |
AA- |
|
Moody's |
A2 |
|
Fitch |
A+ |
|
Weiss |
|
|
Comdex (Percentile in Rated Companies) |
86 |
| |
|
Assets & Liabilities |
|
Total Admitted Assets |
$3,400,574.00 |
|
Total Liabilities |
$3,067,272.00 |
|
Seperate Accounts |
$0.00 |
|
Total Surplus and AVR |
$340,144.00 |
|
As % of General Account Assets |
10.00% |
| |
Invested Asset Distributed
& Yield |
|
Total Invested Assets |
$3,313,592.00 |
|
Bonds |
65.10% |
|
Stocks |
8.70% |
|
Mortgages |
21.70% |
|
Real Estate |
0.00% |
|
Policy Loans |
1.10% |
|
Cash & Short-Term |
3.40% |
|
Other Invested Assets |
0.00% |
| |
Net Yield on Mean
Invested Assets |
2008
(Industry Average 5.40) |
5.65% |
5 Year Average
(Industry Average 5.52%) |
5.94% |
| |
Non Performing Assets as %
of Surplus & AVR |
|
Bonds In or Near Default |
2.70% |
|
Problem Mortgages |
0.00% |
|
Real Estate Acquired by Foreclosure |
0.20% |
|
Total Non-Performing Assets |
2.90% |
|
As a Percent of Invested Assets |
0.30% |
| |
|
Bond Quality |
|
Total Value of Bonds |
$2,269,385.00 |
|
Class 1-2 (Highest Quality) |
92.90% |
|
Class 3-5 (Lower Quality) |
6.70% |
|
Class 6 (In or Near Default) |
0.40% |
|
Weighted Bond Class |
1.7000 |
| |
|
Income & Earnings |
|
Total Income |
$467,911.00 |
|
Net Premiums Written |
$182,067.00 |
|
Earnings Before Dividends and Taxes |
($86,348.00) |
|
Net Operating Earnings |
($71,697.00) |
|
|
|
What the Ratings Mean |
|
Description |
A.M. Best |
S & P |
Fitch |
Moody's |
|
Superior |
A++
A+ |
AAA |
AAA |
Aaa |
|
Excellent |
A
A- |
AA+
AA
AA- |
AA+
AA
AA- |
Aa1
Aa2
Aa3 |
|
Very Good |
B++
B+ |
A+
A |
A+
A |
A1
A2 |
|
Good |
B
B- |
A- |
A- |
A3 |
|
Fair |
C++
C+ |
BBB+
BBB
BBB- |
BBB+
BBB
BBB- |
Baa1
Baa2
Baa3 |
|
Vunerable |
C
C- |
BB+
BB
BB- |
BB+
BB
BB- |
Ba1
Ba2
Ba3 |
Financially
Weak |
D |
B+
B
B- |
B+
B
B- |
B1
B2
B3 |
|
Nonviable |
E
F
NA-11 |
CCC |
CCC+
CCC
CCC- |
Caa
Ca
C |
|
