Major Rating Factors:
Fair quality investment portfolio (4.7 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 64% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Fair overall results on stability tests (3.0) including weak results on operational trends and negative cash flow from operations for 2024. Good Liquidity (6.7).
Other Rating Factors:
Strong capitalization (7.5) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (7.4).
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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (69.7%), group annuities (25.3%), ind health (0.2%), other (4.8%)
Licensed in:
All states except NY
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
American International Group
Investment Rating
Company Address
2727-A Allen Parkway 3-D1
Houston, TX 77019
Houston, TX 77019
Phone Number
(713) 522-1111
NAIC Number
60488
Largest Affiliates