Major Rating Factors:
Weak profitability (2.0 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 (2.6) including excessive premium growth and negative cash flow from operations for 2023. Fair quality investment portfolio (3.3).
Other Rating Factors:
Good Liquidity (6.9). Strong capitalization (9.1) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
AL, AR, FL, GA, IL, KS, KY, LA, MS, MO, NC, OK, SC, TN, 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
4785 I-55 North Suite 200
Flowood, MS 39232
Flowood, MS 39232
Phone Number
(601) 981-4920
NAIC Number
77976
Website
Largest Affiliates
No affiliate information available.