Major Rating Factors:
Good quality investment portfolio (5.4 on a scale of 0 to 10) despite mixed results such as: large holdings of BBB rated bonds but junk bond exposure equal to 66% of capital. Good Liquidity (5.9) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair overall results on stability tests (4.9) including negative cash flow from operations for 2023.
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.9) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
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:
Other (100%)
Licensed in:
All states except NY, 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
Physicians Mutual Group
Investment Rating
--
Company Address
2600 Dodge Street
Omaha, NE 68131
Omaha, NE 68131
Phone Number
(402) 633-1000
NAIC Number
72125
Website
Largest Affiliates