Major Rating Factors:
Low quality investment portfolio (1.0 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak overall results on stability tests (2.2) including negative cash flow from operations for 2023.
Other Rating Factors:
Fair Liquidity (3.4). Good capitalization (5.1) based on good risk adjusted capital (moderate loss scenario).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
G - Fast asset or premium growth.
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
(773) 286-0500
NAIC Number
57622
Website
Largest Affiliates
No affiliate information available.