C
STRUCTURED ANNUITY RE CO
Rating Date
November 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair overall results on stability tests (3.0 on a scale of 0 to 10) including potential financial drain due to affiliation with BRH Holdings GP Ltd. Fair quality investment portfolio (4.1) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Weak profitability (1.8) with operating losses during 2024.
Other Rating Factors: Good capitalization (6.4) based on good risk adjusted capital (severe loss scenario). Excellent Liquidity (10.0).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business: Ind annuities (100.0%)
Licensed in: --
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
BRH Holdings GP Ltd
Investment Rating
--
Company Address
7700 MILLS CIVIC PARKWAY
WEST DES MOINES, IA 50266
Phone Number
(888) 266-8489
NAIC Number
15306
Largest Affiliates
D
WEST DES MOINES, IA - L&A
D
WILMINGTON, DE - L&A
C
DES MOINES, IA - L&A
C