Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including negative cash flow from operations for 2024. Fair Liquidity (4.0) due, in part, to cash value policies that are subject to withdrawals with minimal or no penalty. Good quality investment portfolio (6.7) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings.
Other Rating Factors:
Good overall profitability (5.6) despite operating losses during 2024. Strong capitalization (7.9) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (96.8%), other (3.2%)
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
(440) 842-8442
NAIC Number
56197
Website
Largest Affiliates
No affiliate information available.