Major Rating Factors:
Poor capitalization (2.0 on a scale of 0 to 10) based on weak risk adjusted capital (moderate loss scenario). Low quality investment portfolio (0.3) containing large holdings of BBB rated bonds in addition to junk bond exposure equal to 89% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Weak profitability (1.7) with operating losses during 2024.
Other Rating Factors:
Weak Liquidity (1.5). Weak overall results on stability tests (1.6) including weak risk adjusted capital in prior years.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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 (82.3%), other (17.7%)
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
(925) 828-4884
NAIC Number
57967
Website
Largest Affiliates
No affiliate information available.