Major Rating Factors:
Weak overall results on stability tests (1.0 on a scale of 0 to 10) including weak results on operational trends and lack of operational experience. The largest net exposure for one risk is excessive at 19.8% of capital. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with operating losses during 2022 and 2023.
Other Rating Factors:
Strong long-term capitalization index (8.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
NE
Principal Investments:
Investment grade bonds (76.9%), cash (7.0%), other (16.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
9140 W Dodge Rd
Omaha, NE 68114
Omaha, NE 68114
Phone Number
(833) 633-8666
NAIC Number
17372
Website
Largest Affiliates
No affiliate information available.