Major Rating Factors:
Low quality investment portfolio (1.8 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Weak profitability (2.9). Return on equity has been low, averaging -5.1%. Weak overall results on stability tests (1.4) including weak risk adjusted capital in prior years and negative cash flow from operations for 2024.
Other Rating Factors:
Good capitalization (6.3) based on good risk adjusted capital (moderate loss scenario). Excellent Liquidity (9.5).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
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
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
Americo Life Inc
Investment Rating
--
Company Address
PO Box 139061
Dallas, TX 75201
Dallas, TX 75201
Phone Number
(877) 543-3504
NAIC Number
78093
Website
Largest Affiliates
No affiliate information available.