NLIC - What does NLIC stand for? The Free Dictionary
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The company's ownership group includes: NLIC
as holder of two-thirds interest, with Swiss Reinsurance Company and Hannover Ruckversicherung, A.
In February 1996, NLIC
acquired a two-thirds share in the ownership of Life of the Southwest (LSW), a marketer of annuities through banks and to qualified 403(b) plans.
As a result of the transaction, the ownership group now consists of VHV (25 percent), Hannover Re (8 percent) and NLIC
At year-end 2010, NLIC
reported a consolidated risk-based capital (RBC) ratio of 595% of the company action level.
LSW offers NLIC
an established presence in the individual annuity market and an alternate distribution system for individual annuity and mutual fund products.
If it cannot produce a product profitably NLIC
makes it available through a co-marketing agreement or a joint venture with another insurance company.
Best has affirmed the ICR of "a-" of NFS and all debt ratings of NFS and NLIC