Major Rating Factors:
Fair overall results on stability tests (4.2 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2023. Weak profitability (1.2) with operating losses during the first nine months of 2024. Return on equity has been low, averaging -20.5%. Strong capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (9.0). Excellent Liquidity (7.4).
Stability Factors:
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:
All states except HI, 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
National Guardian Life Insurance Co
Investment Rating
--
Company Address
70 Genesee Street
New York, NY 10010
New York, NY 10010
Phone Number
(888) 308-6213
NAIC Number
81426
Website
Largest Affiliates