Major Rating Factors:
Fair overall results on stability tests (3.8 on a scale of 0 to 10) including fair financial strength of affiliated New Era Life Group. Fair quality investment portfolio (3.6) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 84% of capital. Exposure to mortgages is large, but the mortgage default rate has been low. Good capitalization (6.1) based on good risk adjusted capital (severe loss scenario).
Other Rating Factors:
Good Liquidity (6.2). Excellent profitability (7.7) despite modest operating losses during 2024.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (83.3%), ind annuities (16.0%), other (0.7%)
Licensed in:
All states except NY, RI, 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
New Era Life Group
Investment Rating
--
Company Address
11720 Katy Freeway Suite 1700
Houston, TX 77079
Houston, TX 77079
Phone Number
(281) 368-7200
NAIC Number
67784
Website
Largest Affiliates