ROYAL NEIGHBORS OF AMERICA
Major Rating Factors:
Fair quality investment portfolio (4.2 on a scale of 0 to 10) with significant exposure to mortgages . Mortgage default rate has been low. Fair overall results on stability tests (4.0) including excessive premium growth and negative cash flow from operations for 2023. Good Liquidity (5.9) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors:
Weak profitability (2.0) with operating losses during the first nine months of 2024. Strong capitalization (8.0) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
F - Negative cash flow.
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:
Other (100%)
Licensed in:
All states except AL, AK, HI, LA, MA, NH, NY, PR
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
230 16th St
Rock Island, IL 61201
Rock Island, IL 61201
Phone Number
(309) 788-4561
NAIC Number
57657
Website
Largest Affiliates
No affiliate information available.