Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10). Good quality investment portfolio (5.7) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to minimal holdings in junk bonds. Good Liquidity (6.5) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (9.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
AL, AR, CO, FL, GA, KY, LA, MS, NC, SC, TN, TX, VA
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
1401 Livingston Lane
Jackson, MS 39213
Jackson, MS 39213
Phone Number
(601) 981-7422
NAIC Number
68896
Website
Largest Affiliates
No affiliate information available.