Major Rating Factors:
Weak profitability (2.8 on a scale of 0 to 10) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak overall results on stability tests (2.7) including weak risk diversification due to a relatively small asset base and weak results on operational trends. Strong capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (8.2). Excellent Liquidity (10.0).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
NC, 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
--
Company Address
12770 MERIT DRIVE SUITE 200
Houston, TX 77034
Houston, TX 77034
Phone Number
(336) 438-9111
NAIC Number
76538
Website
--
Largest Affiliates
No affiliate information available.