GOVERNMENT PERSONNEL MUTUAL L I C
Major Rating Factors:
Good quality investment portfolio (5.7 on a scale of 0 to 10) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to small junk bond holdings. Good Liquidity (5.5) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair overall results on stability tests (4.9) including negative cash flow from operations for 2022.
Other Rating Factors:
Weak profitability (1.8) with operating losses during 2022. Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Ind health (2.4%), ind annuities (0.3%), other (97.3%)
Licensed in:
All states except NJ, 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
GPM Life Group
Investment Rating
--
Company Address
2211 NE Loop 410
San Antonio, TX 78217
San Antonio, TX 78217
Phone Number
(210) 357-2222
NAIC Number
63967
Website
Largest Affiliates
