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 profitability (2.5) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak overall results on stability tests (2.3) including weak risk diversification exacerbated by a small asset and capital base.
Other Rating Factors:
Good Liquidity (6.9). Strong capitalization (9.4) based on excellent risk adjusted capital (severe loss scenario).
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.