D
MAGNOLIA GUARANTY LIFE INS CO
JacksonMS
Rating Date
September 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Weak overall results on stability tests (1.5 on a scale of 0 to 10) including weak financial strength of affiliated Citizens Inc. Weak profitability (0.9) with investment income below regulatory standards in relation to interest assumptions of reserves. Fair capitalization (4.1) based on fair risk adjusted capital (severe loss scenario).
Other Rating Factors: Good quality investment portfolio (6.5). Good Liquidity (6.9).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. C - Past results on our Risk-Adjusted Capital tests. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Other (100%)
Licensed in: --
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
CIA
Company Address
102 Business Park Drive Ste H
Jackson, MS 39216
Phone Number
(512) 837-7100
NAIC Number
75208
Largest Affiliates
D
Donaldsonville, LA - L&A