Major Rating Factors: Strong long-term capitalization index (9.4 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Other Rating Factors: History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.5) despite weak results on operational trends and negative cash flow from operations for 2020. Fair profitability index (3.8) with operating losses during 2018, 2019 and 2020.
Stability Factors: F - Negative cash flow. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Comm multi (100.0%)
Licensed in: DE
Principal Investments: Common stock (48.7%), investment grade bonds (31.0%), cash (1.6%), non investment grade bonds (0.9%), other (17.8%)