LADIES PA SLOVAK CATHOLIC
Major Rating Factors:
Low quality investment portfolio (2.5 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to junk bond exposure equal to 80% of capital. Weak profitability (1.5) with operating losses during the first nine months of 2024. Weak overall results on stability tests (1.6) including excessive premium growth, weak risk diversification due to a relatively small asset base and negative cash flow from operations for 2023.
Other Rating Factors:
Good capitalization (6.3) based on good risk adjusted capital (severe loss scenario). Good Liquidity (5.2).
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
(570) 823-3513
NAIC Number
56715
Website
Largest Affiliates
No affiliate information available.