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 (0.3) containing large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Weak profitability (2.5) with operating losses during 2024.
Other Rating Factors:
Weak Liquidity (0.3). Weak overall results on stability tests (0.8) including weak risk adjusted capital in prior years, Weak risk diversification with policies concentrated in only one line of business, weak results on operational trends and negative cash flow from operations for 2024.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
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 (91.8%), other (8.2%)
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
(610) 722-0253
NAIC Number
56251
Website
Largest Affiliates
No affiliate information available.