GPM HEALTH & LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10) including negative cash flow from operations for 2023. Good quality investment portfolio (6.8) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Good Liquidity (6.5) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (9.1) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except AK, AR, CT, DC, DE, LA, ME, MA, MN, NH, NJ, NY, RI, SD, VT, 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
1124 W Riverside Ave Ste 400
San Antonio, TX 78217
San Antonio, TX 78217
Phone Number
(210) 357-2222
NAIC Number
67059
Website
Largest Affiliates