Major Rating Factors:
Weak profitability (1.7 on a scale of 0 to 10) with operating losses during 2022. Return on equity has been low, averaging -23.6%. Weak overall results on stability tests (1.5) including excessive premium growth. Good quality investment portfolio (6.1) despite mixed results such as: large holdings of BBB rated bonds but junk bond exposure equal to 54% of capital.
Other Rating Factors:
Good Liquidity (6.9). Strong capitalization (8.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (100.0%)
Licensed in:
All states except CT, ME, NY, VT, 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
Dallas, TX 75201
Dallas, TX 75201
Phone Number
(844) 522-7924
NAIC Number
67180
Website
Largest Affiliates
No affiliate information available.