Major Rating Factors:
Weak overall results on stability tests (2.3 on a scale of 0 to 10) including negative cash flow from operations for 2024. Fair quality investment portfolio (4.0) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 54% of capital. Good overall profitability (6.8). Return on equity has been excellent over the last five years averaging 22.6%.
Other Rating Factors:
Good Liquidity (5.2). Strong capitalization (7.6) based on excellent 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:
Ind annuities (2.1%), group life (0.1%), other (97.8%)
Licensed in:
All states except 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
PO Box 139061
AUSTIN, TX 78701
AUSTIN, TX 78701
Phone Number
(877) 263-0987
NAIC Number
63487
Website
Largest Affiliates
No affiliate information available.