Major Rating Factors:
Weak profitability (1.6 on a scale of 0 to 10) with operating losses during the first nine months of 2024. Weak overall results on stability tests (2.7) including weak results on operational trends. Fair quality investment portfolio (4.8).
Other Rating Factors:
Good capitalization (6.7) based on good risk adjusted capital (moderate loss scenario). Excellent Liquidity (8.6).
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except CT, NY, 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
555 California St Ste 3200
Durham, NC 27713
Durham, NC 27713
Phone Number
(919) 246-3148
NAIC Number
67423
Website
Largest Affiliates
No affiliate information available.