Major Rating Factors:
Poor capitalization (1.3 on a scale of 0 to 10) based on weak risk adjusted capital (severe loss scenario). Low quality investment portfolio (0.4) containing large holdings of BBB rated bonds in addition to junk bond exposure equal to 92% of capital. Weak overall results on stability tests (0.8) including weak risk adjusted capital in prior years and Weak risk diversification with policies concentrated in only one line of business.
Other Rating Factors:
Fair profitability (3.5) with investment income below regulatory standards in relation to interest assumptions of reserves. Excellent Liquidity (7.0).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (96.2%), other (3.8%)
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
(610) 722-0253
NAIC Number
56251
Website
Largest Affiliates
No affiliate information available.
