Major Rating Factors:
Low quality investment portfolio (2.7 on a scale of 0 to 10). Weak profitability (1.8) with operating losses during 2022. Weak overall results on stability tests (2.0) including excessive premium growth and negative cash flow from operations for 2022.
Other Rating Factors:
Strong capitalization (8.1) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.1).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
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:
AR, IL, IN, KS, KY, MI, MO, NC, OH, SC, TN, WV
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
1975 TAMARACK ROAD
NEWARK, OH 43055
NEWARK, OH 43055
Phone Number
(740) 522-8425
NAIC Number
74322
Website
Largest Affiliates
No affiliate information available.