Major Rating Factors:
Fair overall results on stability tests (4.2 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2024. Weak profitability (1.2) with operating losses during 2024. Return on equity has been low, averaging -18.8%. Strong capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (9.0). Excellent Liquidity (7.8).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (40.8%), other (59.2%)
Licensed in:
All states except HI, PR
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
70 Genesee Street
New York, NY 10010
New York, NY 10010
Phone Number
(888) 308-6213
NAIC Number
81426
Website
Largest Affiliates
No affiliate information available.