IBEXIS LIFE & ANNUITY INS CO
Major Rating Factors:
Fair overall results on stability tests (3.9 on a scale of 0 to 10). Good quality investment portfolio (5.9) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but no exposure to junk bonds. Weak profitability (2.0) with operating losses during 2022. Return on equity has been low, averaging -1.6%.
Other Rating Factors:
Strong capitalization (8.0) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.2).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (100.0%)
Licensed in:
All states except AL, NH, NJ, NY, TN, VT, WI, 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
None
Investment Rating
--
Company Address
3520 Broadway
Jefferson City, MO 65101
Jefferson City, MO 65101
Phone Number
(561) 713-0269
NAIC Number
69272
Website
Largest Affiliates
No affiliate information available.