Major Rating Factors:
Weak profitability (1.9 on a scale of 0 to 10). Excellent expense controls. Return on equity has been low, averaging -16.8%. Weak overall results on stability tests (2.9). Good quality investment portfolio (5.0) despite large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low.
Other Rating Factors:
Strong capitalization (9.0) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.9).
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.