Major Rating Factors:
Weak overall results on stability tests (2.0 on a scale of 0 to 10) including weak risk diversification exacerbated by a small asset and capital base and negative cash flow from operations for 2022. Fair quality investment portfolio (3.8). Good overall profitability (6.3). Return on equity has been low, averaging 2.2%.
Other Rating Factors:
Strong capitalization (8.6) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.6).
Stability Factors:
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:
Other (100%)
Licensed in:
TX
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
4308 Avondale Avenue Suite 100
Dallas, TX 75219
Dallas, TX 75219
Phone Number
(214) 252-0313
NAIC Number
73547
Website
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Largest Affiliates
No affiliate information available.