Major Rating Factors:
Low quality investment portfolio (1.4 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to moderate junk bond exposure. Weak profitability (1.9) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak overall results on stability tests (2.2) including Weak risk diversification.
Other Rating Factors:
Fair capitalization (4.7) based on fair risk adjusted capital (moderate loss scenario). Fair Liquidity (4.8).
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.
L - Past results on our liquidity tests.
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
(215) 708-1000
NAIC Number
56766
Website
Largest Affiliates
No affiliate information available.