Major Rating Factors:
Fair quality investment portfolio (3.7 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 62% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Fair overall results on stability tests (4.2) including excessive premium growth. Good capitalization (6.2) based on good risk adjusted capital (severe loss scenario).
Other Rating Factors:
Good Liquidity (6.1). Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves.
Stability Factors:
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 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) 368-7200
NAIC Number
78743
Largest Affiliates