Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including negative cash flow from operations for 2023. Fair quality investment portfolio (4.1) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors:
Weak Liquidity (2.4). Strong capitalization (7.8) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY, PR
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
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Investments in Affiliates
Corporate Info
Group Affiliation
William M Buchanan Group
Investment Rating
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Company Address
CSC-Lawyers Inc Serv 211 E 7th
Dallas, TX 75201
Dallas, TX 75201
Phone Number
(877) 492-4678
NAIC Number
11121
Website
Largest Affiliates