Major Rating Factors:
Weak overall results on stability tests (2.0 on a scale of 0 to 10) including negative cash flow from operations for 2022. Fair quality investment portfolio (3.7) with substantial holdings of BBB bonds in addition to moderate junk bond exposure. Good overall profitability (6.2). Return on equity has been low, averaging 2.0%.
Other Rating Factors:
Strong capitalization (7.7) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (9.1).
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
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Company Address
24 W CAMELBACK AVE STE #A546
PHOENIX, AZ 85013
PHOENIX, AZ 85013
Phone Number
(314) 909-9100
NAIC Number
87394
Website
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Largest Affiliates
No affiliate information available.