Major Rating Factors:
Fair overall results on stability tests (4.2 on a scale of 0 to 10) including fair financial strength of affiliated New Era Life Group. Fair quality investment portfolio (3.6) with large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Exposure to mortgages is significant, but the mortgage default rate has been low. Weak profitability (2.0) with operating losses during the first nine months of 2024.
Other Rating Factors:
Weak Liquidity (2.6). Strong capitalization (8.7) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY, RI, 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
New Era Life Group
Investment Rating
--
Company Address
11720 Katy Freeway Suite 1700
Houston, TX 77079
Houston, TX 77079
Phone Number
(281) 368-7159
NAIC Number
67784
Website
Largest Affiliates