Major Rating Factors:
Weak overall results on stability tests (2.9 on a scale of 0 to 10) including weak financial strength of affiliated Citizens Inc and negative cash flow from operations for 2022. Weak profitability (1.1) with operating losses during 2022. Good Liquidity (6.7) with sufficient resources to handle a spike in claims.
Other Rating Factors:
Strong capitalization (9.5) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (7.3).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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:
Ind annuities (7.2%), ind health (0.5%), other (92.3%)
Licensed in:
AL, AZ, AR, FL, LA, MS, MO, NM, OK, 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
Citizens Inc
Investment Rating
Company Address
400 East Anderson Lane
Austin, TX 78758
Austin, TX 78758
Phone Number
(512) 837-7100
NAIC Number
82082
Website
Largest Affiliates