Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including fair financial strength of affiliated Kentucky National Ins Group LLC. Weak profitability (1.9) with operating losses during 2022. Return on equity has been low, averaging -3.3%. Good quality investment portfolio (6.6).
Other Rating Factors:
Strong capitalization (9.2) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (8.3).
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
KY
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
Kentucky National Ins Group LLC
Investment Rating
--
Company Address
2709 Old Rosebud Road
Lexington, KY 40509
Lexington, KY 40509
Phone Number
(859) 264-0332
NAIC Number
60244
Website
Largest Affiliates