Major Rating Factors:
Poor current capitalization (1.6 on a scale of 0 to 10) based on weak risk adjusted capital (moderate loss scenario), although results have slipped from the good range over the last year. Low quality investment portfolio (0.7) containing large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Weak profitability (1.5) with operating losses during 2024.
Other Rating Factors:
Weak overall results on stability tests (1.6) including excessive premium growth and weak risk adjusted capital in prior years. Good Liquidity (5.5).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
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 (81.2%), other (18.8%)
Licensed in:
TX
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
520 N Main St
Temple, TX 76501
Temple, TX 76501
Phone Number
(254) 773-1575
NAIC Number
57436
Website
Largest Affiliates
No affiliate information available.