Major Rating Factors:
Good overall results on stability tests (5.1 on a scale of 0 to 10) despite fair financial strength of affiliated National Security Group. Other stability subfactors include excellent operational trends. Good quality investment portfolio (6.3) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good overall profitability (6.1).
Other Rating Factors:
Good Liquidity (6.8). Strong capitalization (7.9) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind health (26.3%), group health (3.7%), group life (1.3%), ind life (0.9%), other (67.8%)
Licensed in:
AL, FL, GA, MS, SC, TN, TX
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
National Security Group
Investment Rating
--
Company Address
661 East Davis
Elba, AL 36323
Elba, AL 36323
Phone Number
(334) 897-2273
NAIC Number
66788
Largest Affiliates