Major Rating Factors:
Poor capitalization (0.0 on a scale of 0 to 10) based on weak risk adjusted capital (severe loss scenario). Low quality investment portfolio (0.0) containing large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Weak profitability (0.4) with operating losses during the first nine months of 2023.
Other Rating Factors:
Weak overall results on stability tests (0.0) including Weak risk diversification and negative cash flow from operations for 2022. Excellent Liquidity (7.0).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (65.3%), other (34.7%)
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) 344-1513
NAIC Number
56839
Website
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Largest Affiliates
No affiliate information available.