E
CROWN GLOBAL INS CO OF AMERICA
Wilmington, DE
Data as of
September 30, 2020
NAIC
Classification
Life & Annuity
Risk Adjusted
Capital Ratio #1
0.12
Risk Adjusted
Capital Ratio #2
0.11
Total
Assets
702.67M
Capital
2.06M
Net
Premiums
22.62M
Net
Income
-42.04K
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Major Rating Factors: Poor overall capitalization (0.0 on a scale of 0 to 10) based on excessive policy leverage and weak risk adjusted capital (severe loss scenario). Weak overall results on stability tests (0.0) including weak results on operational trends, weak policy risk diversification. Fair profitability (3.0) with operating losses during the first nine months of 2020.
Other Rating Factors: High quality investment portfolio (7.6). Excellent liquidity (10.0).
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Group annuities (50.8%), other (49.2%)
Licensed in: DE, SD, TX
Investments
Invested Assets
2.6M
Cash
3.75%
CMO & Structured Securities
0.00%
Other Investment Grade Bonds
96.25%
Non-Investment Grade Bonds
0.00%
Common & Preferred Stock
0.00%
Mortgages in Good Standing
0.00%
Non-Performing Mortgages
0.00%
Real Estate
0.00%
Other Investments
--
Investments in Affiliates
0.00%
Corporate Info
Group Affiliation
Crown Global Ins Group LLC
Investment Rating
--
Company Address
1000 N West St Ste 1200
Wilmington, DE 19801
Phone Number
(302) 357-9349
NAIC Number
14679
Largest Affiliates
No affiliate information available.
Weiss Ratings