E
INVESTORS PREFERRED LIFE INS CO
Rapid City, SD
Data as of
September 30, 2020
NAIC
Classification
Life & Annuity
Risk Adjusted
Capital Ratio #1
0.14
Risk Adjusted
Capital Ratio #2
0.10
Total
Assets
666.73M
Capital
2.32M
Net
Premiums
53.83M
Net
Income
68.97K
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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 profitability (2.0). Excellent expense controls. Return on equity has been low, averaging -18.4%. Weak overall results on stability tests (0.0) including weak results on operational trends, weak policy risk diversification.
Other Rating Factors: High quality investment portfolio (9.8). Excellent liquidity (10.0).
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. G - Fast asset or premium growth. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Ind annuities (12.2%), other (87.8%)
Licensed in: AZ, SD
Investments
Invested Assets
19.1M
Cash
15.25%
CMO & Structured Securities
0.00%
Other Investment Grade Bonds
0.00%
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
IPL Holdings LLC
Investment Rating
--
Company Address
1719 W MAIN STREET
RAPID CITY, SD 57702
Phone Number
(303) 782-0004
NAIC Number
15313
Largest Affiliates
No affiliate information available.
Weiss Ratings