MAJESTIC LIFE INS CO
Major Rating Factors:
Low quality investment portfolio (1.5 on a scale of 0 to 10). Weak profitability (2.5) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak overall results on stability tests (2.3) including weak risk adjusted capital in prior years and negative cash flow from operations for 2022.
Other Rating Factors:
Good capitalization (5.1) based on good risk adjusted capital (moderate loss scenario). Good Liquidity (6.9).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
LA
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
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Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
1125 N Claiborne Ave
New Orleans, LA 70116
New Orleans, LA 70116
Phone Number
(504) 827-0705
NAIC Number
75159
Website
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Largest Affiliates
No affiliate information available.