Major Rating Factors:
Weak profitability (2.0 on a scale of 0 to 10) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak Liquidity (1.9) as a spike in claims or a run on policy withdrawals may stretch capacity. Weak overall results on stability tests (2.2) including Weak policy risk diversification and negative cash flow from operations for 2023.
Other Rating Factors:
Good capitalization (6.7) based on good risk adjusted capital (severe loss scenario). Good quality investment portfolio (5.1).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
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
(979) 968-5877
NAIC Number
57363
Website
Largest Affiliates
No affiliate information available.