Major Rating Factors:
Low quality investment portfolio (1.4 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to junk bond exposure equal to 86% of capital. Weak Liquidity (0.3) based on large exposure to policies that are subject to policyholder withdrawals with minimal or no penalty. Weak overall results on stability tests (2.3) including weak results on operational trends, weak risk adjusted capital in prior years and negative cash flow from operations for 2024.
Other Rating Factors:
Fair profitability (4.0). Good capitalization (5.2) based on good risk adjusted capital (moderate loss scenario).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (38.2%), other (61.8%)
Licensed in:
AZ, AR, CA, CO, CT, DC, IL, IN, IA, KS, KY, MI, MN, MS, MT, OH, PA, TN, WI
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
2439 Glenwood Ave
Joliet, IL 60435
Joliet, IL 60435
Phone Number
(800) 843-5755
NAIC Number
56227
Website
Largest Affiliates
No affiliate information available.