Major Rating Factors:
Good overall profitability (6.2 on a scale of 0 to 10). Excellent expense controls. Return on equity has been fair, averaging 7.4%. Weak overall results on stability tests (2.6) including weak results on operational trends and negative cash flow from operations for 2024. Strong capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (8.7). Excellent Liquidity (8.6).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (75.7%), other (24.3%)
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
Investments in Affiliates
Corporate Info
Group Affiliation
Manhattan Life Group Inc
Investment Rating
--
Company Address
10777 Northwest Freeway
Houston, TX 77092
Houston, TX 77092
Phone Number
(713) 529-0045
NAIC Number
63053
Website
Largest Affiliates