PREFERRED SECURITY LIFE INS CO
Major Rating Factors:
Weak overall results on stability tests (2.3 on a scale of 0 to 10) including weak financial strength of affiliated TEG LLC, Weak risk diversification, relatively small group asset base and negative cash flow from operations for 2022. Low quality investment portfolio (1.7). Fair profitability (4.0).
Other Rating Factors:
Good capitalization (5.1) based on good risk adjusted capital (severe loss scenario). Good Liquidity (6.7).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
TX
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
Investments in Affiliates
Corporate Info
Group Affiliation
TEG LLC
Investment Rating
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Company Address
102 West Main Street
Colorado Springs, CO 80920
Colorado Springs, CO 80920
Phone Number
(866) 333-1859
NAIC Number
60019
Website
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Largest Affiliates