Major Rating Factors:
Weak profitability (2.0 on a scale of 0 to 10) with operating losses during the first nine months of 2024. Return on equity has been low, averaging -7.0%. Weak overall results on stability tests (2.1) including weak risk diversification exacerbated by a small asset and capital base, weak results on operational trends and negative cash flow from operations for 2023. Strong capitalization (7.8) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (9.5). Excellent Liquidity (9.4).
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:
Other (100%)
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
3616 JEFFERSON AVENUE
Texarkana, AR 71854
Texarkana, AR 71854
Phone Number
(870) 773-7221
NAIC Number
86118
Largest Affiliates
No affiliate information available.