Major Rating Factors:
Fair quality investment portfolio (3.6 on a scale of 0 to 10) with significant exposure to mortgages . Mortgage default rate has been low. Fair overall results on stability tests (3.0) including fair risk adjusted capital in prior years. Weak profitability (2.8). Excellent expense controls. Return on equity has been low, averaging -2.8%.
Other Rating Factors:
Good capitalization (5.6) based on good risk adjusted capital (severe loss scenario). Good Liquidity (6.7).
Stability Factors:
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (79.6%), group life (2.9%), other (17.5%)
Licensed in:
FL
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
8950 SW 74TH COURT
MIAMI, FL 33156
MIAMI, FL 33156
Phone Number
(305) 443-2898 122
NAIC Number
63886
Website
Largest Affiliates
No affiliate information available.