Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including fair financial strength of affiliated Mountain Services Corp and negative cash flow from operations for 2022. Weak profitability (1.8) with operating losses during 2022. Return on equity has been low, averaging -9.3%. Strong capitalization (8.1) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (7.1). Excellent Liquidity (7.5).
Stability Factors:
F - Negative cash flow.
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