Major Rating Factors:
Weak profitability (2.0 on a scale of 0 to 10) with operating losses during the first nine months of 2024. Weak overall results on stability tests (2.2) including weak risk diversification due to a relatively small asset base and negative cash flow from operations for 2023. Fair quality investment portfolio (3.6) with large holdings of BBB rated bonds in addition to moderate junk bond exposure.
Other Rating Factors:
Good capitalization (6.2) based on good risk adjusted capital (severe loss scenario). Good Liquidity (5.3).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
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) 341-0444
NAIC Number
56324
Website
Largest Affiliates
No affiliate information available.