Major Rating Factors:
Weak profitability (2.9 on a scale of 0 to 10) with operating losses during 2024. Return on equity has been low, averaging -0.5%. Weak overall results on stability tests (1.9) including weak results on operational trends, weak risk diversification exacerbated by a small asset and capital base and negative cash flow from operations for 2024. Strong capitalization (9.2) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (7.3). Excellent Liquidity (10.0).
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (50.2%), group life (49.8%)
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.