Major Rating Factors:
Good quality investment portfolio (5.7 on a scale of 0 to 10) with no exposure to mortgages and no exposure to junk bonds. Good overall profitability (5.2). Return on equity has been good over the last five years, averaging 12.9%. Weak overall results on stability tests (2.3) including fair financial strength of affiliated American National Group Inc, weak results on operational trends and negative cash flow from operations for 2024.
Other Rating Factors:
Strong overall capitalization (9.4) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.0).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
All states except 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
American National Group Inc
Investment Rating
Company Address
2450 SOUTH SHORE BOULEVARD
GALVESTON, TX 77550
GALVESTON, TX 77550
Phone Number
(409) 763-4661
NAIC Number
63657
Largest Affiliates