Major Rating Factors:
Low quality investment portfolio (1.0 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Weak profitability (2.0) with operating losses during the first nine months of 2024. Weak overall results on stability tests (1.3) including weak results on operational trends, excessive premium growth, Weak policy risk diversification and negative cash flow from operations for 2023.
Other Rating Factors:
Fair capitalization (4.2) based on fair risk adjusted capital (severe loss scenario). Fair Liquidity (4.4).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
OK
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
4785 E 91ST STREET SUITE 200
TULSA, OK 74133
TULSA, OK 74133
Phone Number
(918) 712-7770
NAIC Number
97810
Website
Largest Affiliates
No affiliate information available.