Major Rating Factors:
Low quality investment portfolio (0.0 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Exposure to mortgages is significant, but the mortgage default rate has been low. Weak profitability (1.8) with operating losses during 2022. Return on equity has been low, averaging -15.3%. Weak overall results on stability tests (1.0) including weak risk adjusted capital in prior years.
Other Rating Factors:
Good capitalization (3.9) based on good risk adjusted capital (moderate loss scenario). Excellent Liquidity (9.3).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (145.0%)
Licensed in:
All states except CT, FL, ME, NH, NJ, NY, RI, 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
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Company Address
222 South 15th St Ste 1202S
LINCOLN, NE 68516
LINCOLN, NE 68516
Phone Number
(877) 795-8493
NAIC Number
71471
Website
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Largest Affiliates
No affiliate information available.
