Major Rating Factors:
Low quality investment portfolio (2.5 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to moderate junk bond exposure. Weak overall results on stability tests (2.0) including weak risk diversification due to a relatively small asset base and weak risk adjusted capital in prior years. Fair capitalization (3.0) based on fair risk adjusted capital (severe loss scenario).
Other Rating Factors:
Fair profitability (4.4). Good Liquidity (5.4).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (80.0%), other (20.0%)
Licensed in:
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
2525 Central Expwy North
Allen, TX 75013
Allen, TX 75013
Phone Number
(972) 542-2601
NAIC Number
87823
Largest Affiliates
No affiliate information available.