Major Rating Factors:
Fair overall results on stability tests (3.5 on a scale of 0 to 10) including potential financial drain due to affiliation with Citizens Inc. Fair profitability (4.1). Good quality investment portfolio (5.7) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds.
Other Rating Factors:
Good Liquidity (6.6). Strong capitalization (7.9) 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.
Principal Lines of Business:
Ind annuities (16.7%), credit health (10.8%), credit life (9.3%), ind health (0.5%), other (62.6%)
Licensed in:
All states except AK, CA, CT, DE, IL, IA, ME, MD, MA, MI, NH, NJ, NY, NC, OH, RI, VT, VA, 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
Citizens Inc
Investment Rating
Company Address
1560 Broadway Suite 2090
Denver, CO 80202
Denver, CO 80202
Phone Number
(512) 837-7100
NAIC Number
71463
Website
Largest Affiliates