Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including weak risk diversification due to a relatively small asset base and weak results on operational trends. Fair quality investment portfolio (3.1) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 70% of capital. Good overall profitability (6.3).
Other Rating Factors:
Good Liquidity (5.6). Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 (18.0%), other (82.0%)
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) 563-2537
NAIC Number
56871
Website
Largest Affiliates
No affiliate information available.