Major Rating Factors:
Low quality investment portfolio (2.1 on a scale of 0 to 10) containing large exposure to mortgages . Mortgage default rate has been low. Weak overall results on stability tests (2.2). Good overall profitability (6.7). Excellent expense controls. Return on equity has been low, averaging 1.8%.
Other Rating Factors:
Strong capitalization (8.1) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.5).
Stability Factors:
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 (99.5%), other (0.5%)
Licensed in:
AZ, UT
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
935 E MAIN STREET SUITE 100
MESA, AZ 85203
MESA, AZ 85203
Phone Number
(480) 835-5000
NAIC Number
91910
Largest Affiliates
No affiliate information available.