Major Rating Factors:
Weak profitability (2.0 on a scale of 0 to 10) with operating losses during 2023. Weak overall results on stability tests (2.2) including negative cash flow from operations for 2023. Good quality investment portfolio (6.2) despite mixed results such as: large holdings of BBB rated bonds but moderate junk bond exposure.
Other Rating Factors:
Good Liquidity (6.7). Strong capitalization (8.1) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
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
(216) 531-1900
NAIC Number
56286
Website
Largest Affiliates
No affiliate information available.