Major Rating Factors: Fair overall results on stability tests (4.1 on a scale of 0 to 10). Poor current capitalization (2.5) based on weak risk adjusted capital (moderate loss scenario), although results have slipped from the good range during the last year. Low quality investment portfolio (0.0).
Other Rating Factors: Weak profitability (2.4) with operating losses during the first nine months of 2022. Excellent liquidity (7.0).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. C - Past results on our Risk-Adjusted Capital tests. D - Limited diversification of general business, policy, and/or investment risk. I - Past results on our Investment Safety Index.
Principal Lines of Business: Ind annuities (1.9%), other (98.1%)
Licensed in: NM, OK, TX