Major Rating Factors:
Weak overall results on stability tests (2.4 on a scale of 0 to 10). Fair quality investment portfolio (4.8) with significant exposure to mortgages . Mortgage default rate has been low. Fair profitability (3.3). Return on equity has been low, averaging -1.8%.
Other Rating Factors:
Good capitalization (5.4) based on good risk adjusted capital (severe loss scenario). Excellent Liquidity (7.3).
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
Gulf Guaranty Companies
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.