Major Rating Factors:
Fair quality investment portfolio (3.2 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Fair Liquidity (4.5) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims or a run on policy withdrawals. Fair overall results on stability tests (3.0).
Other Rating Factors:
Weak profitability (2.9) with investment income below regulatory standards in relation to interest assumptions of reserves. Good capitalization (6.3) based on good risk adjusted capital (severe loss scenario).
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.