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Fitch added that McKinney-based Torchmark’s (NYSE: TMK) “adjustefd statutory capital levels are weaker thanother ‘AA’ insure financial strength rating level peers.” In Fitch said Friday the company’s portfolio has high levelsa of exposure and ‘BBB’ ratec bonds, which are potentially facing another downgradew in the future. In terms of overall financial strength, Fitch says as of March 31, Torchmark had $100 million in debt due this Augusgand $274 million in commercial paper Fitch did note that Torchmark’x subsidiaries have strong earnings, but said Fitch’s belief that investment impairments may exceed the earningws needed to maintain adequate capital in the future is part of the ratintg firm’s concerns.
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