Major Rating Factors:
Weak overall results on stability tests (2.0 on a scale of 0 to 10) including weak financial strength of affiliated Wichita National Life Group, weak results on operational trends and negative cash flow from operations for 2022. Weak profitability (1.4) with operating losses during 2022. Strong capitalization (8.0) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (8.2). Excellent Liquidity (8.5).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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:
Credit life (69.5%), credit health (15.7%), other (14.8%)
Licensed in:
AR, OK, TX
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
Wichita National Life Group
Investment Rating
--
Company Address
711 D AVENUE
LAWTON, OK 73501
LAWTON, OK 73501
Phone Number
(580) 353-5776
NAIC Number
70548
Website
Largest Affiliates