Major Rating Factors:
Weak profitability (0.0 on a scale of 0 to 10) with operating losses during the first nine months of 2024. Weak overall results on stability tests (0.5) including excessive premium growth, Weak risk diversification and negative cash flow from operations for 2023. Fair quality investment portfolio (4.4).
Other Rating Factors:
Strong capitalization (7.1) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.8).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
AZ, AR, DC, IL, IN, IA, MD, MS, MO, PA, WV
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 WEST CAMELBACK AVENUE #A546
Phoenix, AZ 85004
Phoenix, AZ 85004
Phone Number
(800) 510-5188
NAIC Number
89427
Website
Largest Affiliates
No affiliate information available.