Major Rating Factors:
Weak profitability (1.8 on a scale of 0 to 10) with operating losses during 2022. Return on equity has been low, averaging -6.9%. Weak overall results on stability tests (1.0) including weak risk diversification exacerbated by a small asset and capital base. Fair capitalization (4.0) based on fair risk adjusted capital (severe loss scenario).
Other Rating Factors:
Fair quality investment portfolio (3.8). Good Liquidity (6.3).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
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:
KY, LA, OK, TX, UT
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
4925 MCKINNEY
DALLAS, TX 75205
DALLAS, TX 75205
Phone Number
(214) 521-7100
NAIC Number
61328
Largest Affiliates
No affiliate information available.