Major Rating Factors:
Weak profitability (2.0 on a scale of 0 to 10) with operating losses during 2022. Return on equity has been low, averaging -3.2%. Weak overall results on stability tests (2.2) including negative cash flow from operations for 2022. Strong overall capitalization (9.4) based on excellent risk adjusted capital (severe loss scenario). Nevertheless, capital levels have fluctuated during prior years.
Other Rating Factors:
High quality investment portfolio (7.5). Excellent Liquidity (7.8).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
AR, LA, OK, TX
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
13530 INWOOD ROAD
DALLAS, TX 75244
DALLAS, TX 75244
Phone Number
(972) 387-8553
NAIC Number
86959
Website
Largest Affiliates
No affiliate information available.