Major Rating Factors:
Fair capitalization for the current period (4.4 on a scale of 0 to 10) based on fair risk adjusted capital (moderate loss scenario) reflecting some improvement over results in 2019. Good quality investment portfolio (6.9) despite mixed results such as: no exposure to mortgages and substantial holdings of BBB bonds but minimal holdings in junk bonds. Good Liquidity (5.6).
Other Rating Factors:
Weak overall results on stability tests (2.9) including fair financial strength of affiliated Maximum Corporation, weak risk adjusted capital in prior years, Weak risk diversification and negative cash flow from operations for 2022. Weak profitability (2.9) with investment income below regulatory standards in relation to interest assumptions of reserves.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
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
Maximum Corporation
Investment Rating
--
Company Address
2185 N Glenville Drive
Dallas, TX 75254
Dallas, TX 75254
Phone Number
(972) 699-2770
NAIC Number
80993
Website
Largest Affiliates