A healthy business, along with financial strength and flexibility, is more critical than ever. Unum maintains leading market shares in our core businesses, insuring 1 in 3 Fortune 500 companies and collecting more than $8 billion in premium income in 2019. Our nearly $60 billion investment portfolio as of December 31, 2019 is built to withstand challenging economic conditions like we are experiencing today.
December 31, 2019 highlights of our financial strength include:
Risk-based capital ratio above our target of 350%
Liquidity of more than $860 million of holding company cash, two-times our annual fixed obligation
2019 statutory earnings of $1.1 billion, creating strong cash flow for our holding company
Low credit losses relative to industry benchmark
$7 billion claims paid in 2019
Solid financial strength ratings1, including a stable A claims payment rating with A.M. Best
For more than 170 years, our strong financial foundation has supported our ability to meet the needs of our customers at the times they need us most. We are very proud of that history and the privilege of serving over 190,000 businesses that have put their trust in us.
1 Financial strength ratings for Unum Group are as follows: A.M. Best Company, A; Moody's Investor Service, A; S&P Global Ratings, A; Fitch Ratings A-. Ratings are current as of April 16, 2020 and are subject to change.