Major Rating Factors:
Low quality investment portfolio (2.9 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Weak profitability (1.4) with operating losses during the first nine months of 2024. Weak overall results on stability tests (1.9) including negative cash flow from operations for 2023.
Other Rating Factors:
Good capitalization (6.0) based on good risk adjusted capital (moderate loss scenario). Good Liquidity (5.0).
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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except AK, CA, CT, DC, DE, HI, KY, ME, MA, NH, NJ, NY, OR, RI, VT, WA, 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
400 S Kansas Avenue
Topeka, KS 66603
Topeka, KS 66603
Phone Number
(785) 235-6276
NAIC Number
60542
Website
Largest Affiliates
No affiliate information available.