Major Rating Factors:
Poor capitalization (0.2 on a scale of 0 to 10) based on weak risk adjusted capital (severe loss scenario). Low quality investment portfolio (1.9) containing large holdings of BBB rated bonds in addition to moderate junk bond exposure. Weak profitability (1.9) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors:
Weak overall results on stability tests (0.1) including weak risk adjusted capital in prior years, weak risk diversification due to a relatively small asset base, weak results on operational trends and negative cash flow from operations for 2024. Excellent Liquidity (7.2).
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.
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 (84.8%), other (15.2%)
Licensed in:
AR
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
103 Jackson Street
Newport, AR 72112
Newport, AR 72112
Phone Number
(870) 523-5822
NAIC Number
84115
Website
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Largest Affiliates
No affiliate information available.