Major Rating Factors:
Fair quality investment portfolio (3.3 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 61% of capital. Fair profitability (4.1). Return on equity has been low, averaging 2.4%. Fair overall results on stability tests (4.4) including negative cash flow from operations for 2022.
Other Rating Factors:
Good capitalization (6.4) based on good risk adjusted capital (severe loss scenario). Weak Liquidity (2.6).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY, PR
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
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Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
CSC-Lawyers Inc Serv 211 E 7th
Dallas, TX 75201
Dallas, TX 75201
Phone Number
(877) 492-4678
NAIC Number
11121
Website
Largest Affiliates
No affiliate information available.