Major Rating Factors:
Fair quality investment portfolio (4.8 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 71% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Fair overall results on stability tests (3.0) including weak results on operational trends. Good Liquidity (5.3).
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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:
All states except NY
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
American International Group
Investment Rating
Company Address
2727-A Allen Parkway 3-D1
Houston, TX 77019
Houston, TX 77019
Phone Number
(713) 522-1111
NAIC Number
60488
Largest Affiliates