Major Rating Factors:
Low quality investment portfolio (1.7 on a scale of 0 to 10) containing large exposure to mortgages . Mortgage default rate has been low. Weak overall results on stability tests (2.3) including weak risk diversification exacerbated by a small asset and capital base. Good Liquidity (6.9) with sufficient resources to handle a spike in claims.
Other Rating Factors:
Strong capitalization (9.4) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (7.6) despite operating losses during the first nine months of 2024.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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:
MS
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
2104 Highway 90
Gautier, MS 39553
Gautier, MS 39553
Phone Number
(228) 497-9935
NAIC Number
83666
Website
Largest Affiliates
No affiliate information available.