Major Rating Factors:
Vulnerable liquidity (0.9 on a scale of 0 to 10) as a spike in claims may stretch capacity. Weak overall results on stability tests (2.6) including weak risk diversification and weak risk adjusted capital in prior years. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (4.3). Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
Principal Lines of Business:
Other (100%)
Licensed in:
AK, MA, MS, NJ, NV, OK, VA
Principal Investments:
Cash (13.4%), investment grade bonds (1.7%), other (84.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
One Pre-Paid Way
Ada, OK 74820
Ada, OK 74820
Phone Number
(800) 654-7757
NAIC Number
37869
Website
Largest Affiliates
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