Major Rating Factors:
Weak profitability (1.5 on a scale of 0 to 10) with operating losses during 2024. Return on equity has been low, averaging -14.1%. Weak overall results on stability tests (0.8) including weak results on operational trends and negative cash flow from operations for 2024. Good quality investment portfolio (5.8).
Other Rating Factors:
Strong capitalization (9.3) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (8.0).
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (72.6%), group life (21.4%), other (6.0%)
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
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Company Address
12770 MERIT DRIVE SUITE 200
Houston, TX 77034
Houston, TX 77034
Phone Number
(336) 438-9111
NAIC Number
76538
Website
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Largest Affiliates
No affiliate information available.