Major Rating Factors:
Fair profitability (4.9 on a scale of 0 to 10) with operating losses during 2022. Return on equity has been low, averaging 3.4%. Fair overall results on stability tests (3.3). Good quality investment portfolio (5.9) despite mixed results such as: no exposure to mortgages and substantial holdings of BBB bonds but minimal holdings in junk bonds.
Other Rating Factors:
Strong capitalization (7.5) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.7).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except AL, CT, HI, IA, ME, MA, NH, NJ, NM, NY, RI, VT, WY, 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
--
Company Address
673 EAST CHERRY LANE
SOUDERTON, PA 18964
SOUDERTON, PA 18964
Phone Number
(215) 723-3044
NAIC Number
42129
Website
Largest Affiliates
No affiliate information available.