Major Rating Factors:
Low quality investment portfolio (1.7 on a scale of 0 to 10) containing large holdings of BBB rated bonds in addition to junk bond exposure equal to 80% of capital. Weak profitability (1.6) with operating losses during 2024. Return on equity has been low, averaging -20.4%. Weak overall results on stability tests (2.5) including weak results on operational trends.
Other Rating Factors:
Good capitalization (5.0) based on good risk adjusted capital (severe loss scenario). Good Liquidity (6.3).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
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:
Ind annuities (89.8%), ind health (3.0%), group life (0.1%), other (7.0%)
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