Major Rating Factors:
Fair quality investment portfolio (4.6 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 74% of capital. Good Liquidity (6.0) with sufficient resources to cover a large increase in policy surrenders. Weak profitability (2.5) with operating losses during 2024.
Other Rating Factors:
Weak overall results on stability tests (2.8) including weak results on operational trends and negative cash flow from operations for 2024. Strong overall capitalization (7.3) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario).
Stability Factors:
F - Negative cash flow.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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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
(800) 992-1894
NAIC Number
56154
Website
Largest Affiliates
No affiliate information available.