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 (2.6) containing substantial holdings of BBB bonds in addition to junk bond exposure equal to 83% of capital. Exposure to mortgages is large, but the mortgage default rate has been low. Weak profitability (2.0) with operating losses during the first nine months of 2024.
Other Rating Factors:
Weak overall results on stability tests (1.5) including weak risk adjusted capital in prior years. Good Liquidity (5.1).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
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:
AL, GA, IL, IN, KS, KY, LA, MS, MT, NE, NM, ND, OH, OK, SD, TN, TX, UT, 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
Investments in Affiliates
Corporate Info
Group Affiliation
First Trinity Financial Corp
Investment Rating
--
Company Address
7633 E 63RD PL STE 230
TULSA, OK 74133
TULSA, OK 74133
Phone Number
(918) 249-2438
NAIC Number
60227
Largest Affiliates