Major Rating Factors:
Poor current capitalization (1.6 on a scale of 0 to 10) based on weak risk adjusted capital (moderate loss scenario), although results have slipped from the fair range over the last two years. Low quality investment portfolio (0.8) containing large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Weak profitability (1.6) with operating losses during the first nine months of 2024.
Other Rating Factors:
Weak overall results on stability tests (0.9) including weak risk adjusted capital in prior years. Fair Liquidity (4.3).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
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:
All states except AK, NY, PR
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
None
Investment Rating
--
Company Address
900 CONGRESS AVE SUITE 300
AUSTIN, TX 78731
AUSTIN, TX 78731
Phone Number
(480) 425-5100
NAIC Number
60445
Website
Largest Affiliates
No affiliate information available.