Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2023. Good current capitalization (6.5) based on good risk adjusted capital (severe loss scenario), although results have slipped from the excellent range during the last year. Good quality investment portfolio (5.4).
Other Rating Factors:
Good Liquidity (6.6). Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY
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
None
Investment Rating
--
Company Address
1675 Broadway #1200
Phoenix, AZ 85021
Phoenix, AZ 85021
Phone Number
(512) 719-2240
NAIC Number
66850
Largest Affiliates