UNITED FUNERAL DIR BENEFIT LIC
Major Rating Factors:
Low quality investment portfolio (1.0 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to junk bond exposure equal to 97% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Weak profitability (2.8) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak overall results on stability tests (2.1).
Other Rating Factors:
Fair capitalization (4.0) based on fair risk adjusted capital (severe loss scenario). Good Liquidity (5.1).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind annuities (9.0%), other (91.0%)
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
United Benefits Inc
Investment Rating
--
Company Address
351 S Sherman St Suite 102
Richardson, TX 75081
Richardson, TX 75081
Phone Number
(469) 330-2200
NAIC Number
77194
Largest Affiliates
