Major Rating Factors:
Weak profitability (0.6 on a scale of 0 to 10) with operating losses during the first nine months of 2024. Return on equity has been low, averaging -12.3%. Weak overall results on stability tests (2.0) including weak results on operational trends and negative cash flow from operations for 2023. Good Liquidity (6.8) with sufficient resources to handle a spike in claims.
Other Rating Factors:
Strong capitalization (9.9) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (7.8).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
AL, AZ, AR, GA, IN, KY, LA, MS, MO, TN, TX
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
Mountain Services Corp
Investment Rating
--
Company Address
517 Airway Drive
Lexington, KY 40509
Lexington, KY 40509
Phone Number
(800) 888-6542
NAIC Number
80020
Website
Largest Affiliates