Major Rating Factors:
Weak profitability (1.4 on a scale of 0 to 10) with operating losses during the first nine months of 2024. Weak overall results on stability tests (2.0) including negative cash flow from operations for 2023. Good quality investment portfolio (6.4) despite mixed results such as: no exposure to mortgages and substantial holdings of BBB bonds but small junk bond holdings.
Other Rating Factors:
Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (9.3).
Stability Factors:
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:
Other (100%)
Licensed in:
AZ, IN, MO, PR
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
24 W CAMELBACK AVE STE #A546
PHOENIX, AZ 85012
PHOENIX, AZ 85012
Phone Number
(866) 627-7543
NAIC Number
87394
Website
Largest Affiliates
No affiliate information available.