Major Rating Factors:
Weak profitability (2.1 on a scale of 0 to 10) with operating losses during 2024. Return on equity has been low, averaging -4.3%. Weak overall results on stability tests (2.0) including negative cash flow from operations for 2024. Good quality investment portfolio (5.6) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds.
Other Rating Factors:
Good Liquidity (6.9). Strong capitalization (10.0) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
AZ, GA, IN, LA, MT, NE, NM, NC, ND, OH, OK, TX, WV
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 341364
Austin, TX 78746
Austin, TX 78746
Phone Number
(855) 877-5433
NAIC Number
66516
Website
Largest Affiliates
No affiliate information available.