Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including fair financial strength of affiliated Reservoir Capital Group LLC and negative cash flow from operations for 2024. Fair quality investment portfolio (4.8) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Fair Liquidity (4.7).
Other Rating Factors:
Good capitalization (5.7) based on good risk adjusted capital (moderate loss scenario). Weak profitability (2.5) with operating losses during 2024.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (88.3%), ind health (5.7%), other (6.0%)
Licensed in:
All states except CA, CT, ID, ME, 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
Reservoir Capital Group LLC
Investment Rating
--
Company Address
4415 PHEASANT RIDGE RD STE 300
ROANOKE, VA 24014
ROANOKE, VA 24014
Phone Number
(540) 985-4400
NAIC Number
68845
Website
Largest Affiliates