Major Rating Factors:
Low quality investment portfolio (2.2 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to junk bond exposure equal to 61% of capital. Weak profitability (0.3) with operating losses during the first nine months of 2024. Weak overall results on stability tests (2.8).
Other Rating Factors:
Good overall capitalization (5.0) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.5).
Stability Factors:
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
AL, FL, GA, MS, SC, TN, TX
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
National Security Group
Investment Rating
--
Company Address
661 East Davis
Elba, AL 36323
Elba, AL 36323
Phone Number
(334) 897-2273
NAIC Number
66788
Largest Affiliates