Major Rating Factors:
Fair quality investment portfolio (4.2 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 59% of capital. Fair profitability (4.1) with operating losses during 2022. Return on equity has been low, averaging 1.1%. Fair overall results on stability tests (4.4).
Other Rating Factors:
Strong capitalization (7.3) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.0).
Stability Factors:
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (91.0%), group life (6.8%), other (2.3%)
Licensed in:
All states except CT, DC, 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
Investors Heritage Capital Corp
Investment Rating
--
Company Address
200 CAPITAL AVENUE
FRANKFORT, KY 40601
FRANKFORT, KY 40601
Phone Number
(502) 223-2361
NAIC Number
64904
Website
Largest Affiliates