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AMLIC

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AMLICAmerican Memorial Life Insurance Company


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Although AMLIC has reported favorable performance from mortgage loans historically, it has a significant amount of commercial mortgage loans relative to its capital and surplus base.
The downgrading of the ratings of USIC and AMLIC reflect the large realized capital losses the companies incurred in third quarter 2008, which have lowered the capitalization of both companies.
However, SCI's 2006 acquisition of Alderwoods does provide AMLIC opportunities to grow revenue, which also will be enhanced in the short term by Assurant's acquisition of Mayflower National Life Insurance, which was merged into AMLIC in 2007.
 
 
 
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