Major Rating Factors:
Weak profitability (1.4 on a scale of 0 to 10) with operating losses during 2024. Weak overall results on stability tests (1.1) including excessive premium growth, weak risk diversification exacerbated by a small asset and capital base, negative cash flow from operations for 2024 and lack of operational experience. Strong capitalization (7.8) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (9.2). Excellent Liquidity (7.9).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (0.2%), other (99.8%)
Licensed in:
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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
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Phone Number
(785) 228-0200
NAIC Number
17292
Largest Affiliates
No affiliate information available.