Major Rating Factors: Weak overall results on stability tests (0.0 on a scale of 0 to 10). The largest net exposure for one risk is excessive at 472.3% of capital. Good overall profitability index (6.6). Weak expense controls.
Other Rating Factors: Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Ample reserve history (8.4) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Other (100%)
Licensed in: AL, AZ, CA, ID, IL, IN, ME, MT, NV, NH, OH, TX
Principal Investments: Investment grade bonds (71.0%), common stock (17.0%), cash (8.0%), real estate (0.3%), other (3.7%)