Major Rating Factors:
Fair current capitalization (4.7 on a scale of 0 to 10) based on fair risk adjusted capital (moderate loss scenario), although results have slipped from the good range over the last year. Fair quality investment portfolio (3.1) with substantial holdings of BBB bonds in addition to moderate junk bond exposure. Exposure to mortgages is large, but the mortgage default rate has been low. Fair profitability (4.1).
Other Rating Factors:
Fair overall results on stability tests (3.7) including fair risk adjusted capital in prior years. Good Liquidity (6.8).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (62.2%), ind health (36.5%), other (1.3%)
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
Website
Largest Affiliates