Major Rating Factors:
Poor capitalization (1.8 on a scale of 0 to 10) based on weak risk adjusted capital (moderate loss scenario). Low quality investment portfolio (2.4) containing large holdings of BBB rated bonds in addition to moderate junk bond exposure. Weak profitability (1.4) with operating losses during 2022.
Other Rating Factors:
Weak Liquidity (2.3). Weak overall results on stability tests (1.8) 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.
Principal Lines of Business:
Ind annuities (3.6%), ind life (2.3%), ind health (1.7%), other (92.4%)
Licensed in:
AR, LA, MS
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
Citizens Inc
Investment Rating
Company Address
205 Railroad Avenue
Donaldsonville, LA 70346
Donaldsonville, LA 70346
Phone Number
(225) 473-8654
NAIC Number
60076
Largest Affiliates
