Major Rating Factors:
Weak profitability (0.4 on a scale of 0 to 10) with operating losses during 2023. Weak overall results on stability tests (0.9) including negative cash flow from operations for 2023 and weak risk diversification due to a relatively small asset base. Strong overall capitalization (9.0) based on excellent risk adjusted capital (severe loss scenario). Nevertheless, capital levels have fluctuated during prior years.
Other Rating Factors:
High quality investment portfolio (9.5). 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
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Company Address
24 WEST CAMELBACK AVENUE #A546
Phoenix, AZ 85004
Phoenix, AZ 85004
Phone Number
(312) 578-0033
NAIC Number
89427
Website
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Largest Affiliates
No affiliate information available.