Major Rating Factors:
Weak Liquidity (0.7 on a scale of 0 to 10) based on large exposure to policies that are subject to policyholder withdrawals with minimal or no penalty. Weak overall results on stability tests (2.2) including Weak policy risk diversification. Fair quality investment portfolio (4.8) with significant exposure to mortgages . Mortgage default rate has been low.
Other Rating Factors:
Fair profitability (4.1) with modest operating losses during 2024. Good capitalization (6.5) based on good 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.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (86.5%), other (13.5%)
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.