Major Rating Factors:
Low quality investment portfolio (1.4 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to junk bond exposure equal to 51% of capital. Weak profitability (1.1) with operating losses during the first nine months of 2024. Weak overall results on stability tests (1.7) including negative cash flow from operations for 2023.
Other Rating Factors:
Fair Liquidity (3.6). Good capitalization (5.3) based on good 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.
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:
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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
(617) 426-4135
NAIC Number
58181
Website
Largest Affiliates
No affiliate information available.