Major Rating Factors:
Low quality investment portfolio (1.8 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to junk bond exposure equal to 69% of capital. Weak profitability (1.8) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak Liquidity (0.7) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (1.7) including negative cash flow from operations for 2023. Good capitalization (5.4) based on good risk adjusted capital (moderate loss scenario).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
--
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
--
Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
--
Phone Number
(866) 687-7372
NAIC Number
57940
Website
Largest Affiliates
No affiliate information available.