Major Rating Factors:
Poor current capitalization (2.0 on a scale of 0 to 10) based on weak risk adjusted capital (moderate loss scenario), although results have slipped from the good range over the last year. Low quality investment portfolio (0.2) containing large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Weak profitability (1.1) with operating losses during 2022.
Other Rating Factors:
Weak Liquidity (1.8). Weak overall results on stability tests (0.7) including weak risk adjusted capital in prior years and Weak risk diversification.
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.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (100.0%)
Licensed in:
AZ, AR, CO, DC, DE, ID, IL, IN, LA, MD, MN, MS, MO, MT, NE, NV, NM, ND, OH, SD, TN, TX, UT, WV, WY