Major Rating Factors:
Fair quality investment portfolio (4.8 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 86% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Fair overall results on stability tests (3.0) including negative cash flow from operations for 2024 and weak results on operational trends. Good capitalization (6.5) based on good risk adjusted capital (severe loss scenario).
Other Rating Factors:
Good overall profitability (5.2). Excellent Liquidity (7.0).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
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 (86.4%), group annuities (13.6%)
Licensed in:
All states except 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
American International Group
Investment Rating
Company Address
2929 Allen Parkway
Houston, TX 77019
Houston, TX 77019
Phone Number
(713) 522-1111
NAIC Number
70238
Largest Affiliates