Major Rating Factors:
Good capitalization (5.7 on a scale of 0 to 10) based on good risk adjusted capital (severe loss scenario). Moreover, capital has steadily grown over the last five years. Good overall profitability (6.9). Excellent expense controls. Return on equity has been low, averaging 3.3%. Good Liquidity (6.3).
Other Rating Factors:
Fair quality investment portfolio (3.7). Fair overall results on stability tests (4.9) including negative cash flow from operations for 2022.
Stability Factors:
F - Negative cash flow.
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind health (58.0%), ind annuities (39.9%), group health (0.2%), other (1.9%)
Licensed in:
All states except AK, CT, DC, HI, ID, IL, IA, ME, MD, MA, MN, NV, NH, NJ, NY, OR, RI, VT, VA, WI, WY, 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
New Era Life Group
Investment Rating
--
Company Address
11720 Katy Freeway Suite 1700
Houston, TX 77079
Houston, TX 77079
Phone Number
(281) 368-7159
NAIC Number
78743
Website
Largest Affiliates
