Major Rating Factors:
Weak profitability (2.0 on a scale of 0 to 10) with operating losses during the first nine months of 2024. Weak overall results on stability tests (2.7) including excessive premium growth and negative cash flow from operations for 2023. Fair quality investment portfolio (4.7) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 60% of capital.
Other Rating Factors:
Good Liquidity (6.3). Strong capitalization (7.6) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
F - Negative cash flow.
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
(608) 833-1936
NAIC Number
58017
Website
Largest Affiliates
No affiliate information available.