Major Rating Factors:
Weak profitability (2.7 on a scale of 0 to 10) with operating losses during 2024. Return on equity has been low, averaging 0.4%. Weak overall results on stability tests (2.1) 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 (9.9) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (8.5). Excellent Liquidity (8.7).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (74.7%), group life (25.3%)
Licensed in:
IA
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
1111 Office Park Road
Johnston, IA 50131
Johnston, IA 50131
Phone Number
(515) 226-8440
NAIC Number
90255
Largest Affiliates
No affiliate information available.