Major Rating Factors:
Fair quality investment portfolio (4.3 on a scale of 0 to 10) with significant exposure to mortgages . Mortgage default rate has been low. Fair overall results on stability tests (3.4) including negative cash flow from operations for 2023. Good Liquidity (6.4) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors:
Weak profitability (1.3) 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:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
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:
AZ, CA, CO, DE, FL, GA, ID, IL, IN, IA, KS, MD, MI, MN, MT, NE, NC, OH, OK, OR, PA, SC, SD, TN, TX, VA, WA, WV
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
Everence Association Inc
Investment Rating
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Company Address
1110 N Main St
Goshen, IN 46528
Goshen, IN 46528
Phone Number
(574) 533-9515
NAIC Number
57991
Website
Largest Affiliates