Major Rating Factors:
Weak overall results on stability tests (2.5 on a scale of 0 to 10) including negative cash flow from operations for 2024. Fair profitability (3.3) with investment income below regulatory standards in relation to interest assumptions of reserves. Fair Liquidity (4.7) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims or a run on policy withdrawals.
Other Rating Factors:
Good capitalization (5.0) based on good risk adjusted capital (severe loss scenario). High quality investment portfolio (7.0).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (6.5%), ind health (4.7%), other (88.8%)
Licensed in:
All states except CA, CT, FL, HI, IA, ME, MA, MN, NH, NJ, NY, PA, RI, VT, WI, 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
Investments in Affiliates
Corporate Info
Group Affiliation
Maximum Corporation
Investment Rating
--
Company Address
2185 N Glenville Drive
Dallas, TX 75254
Dallas, TX 75254
Phone Number
(972) 699-2770
NAIC Number
61735
Website
Largest Affiliates