Major Rating Factors:
Low quality investment portfolio (0.3 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Exposure to mortgages is large, but the mortgage default rate has been low. Weak profitability (1.7). Excellent expense controls. Return on equity has been low, averaging -29.4%. Weak overall results on stability tests (0.7) including excessive premium growth, weak risk adjusted capital in prior years and weak results on operational trends.
Other Rating Factors:
Fair capitalization (3.4) based on fair risk adjusted capital (moderate loss scenario). Excellent Liquidity (7.8).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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 annuities (100.0%)
Licensed in:
AZ, GA, LA, OH, OK, TX, UT, VA
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
CICO Holding Corp
Investment Rating
--
Company Address
2501 Parkview Drive Suite 610
SALT LAKE, UT 84109
SALT LAKE, UT 84109
Phone Number
(817) 339-7600
NAIC Number
88153
Website
Largest Affiliates