Major Rating Factors:
Fair quality investment portfolio (4.0 on a scale of 0 to 10) with significant exposure to mortgages . Mortgage default rate has been low. Fair overall results on stability tests (4.1). Good capitalization (5.9) based on good risk adjusted capital (moderate loss scenario). Capital levels have been relatively consistent over the last five years.
Other Rating Factors:
Good Liquidity (6.1). Weak profitability (2.0) with operating losses during the first nine months of 2024.
Stability Factors:
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY, 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
Manhattan Life Group Inc
Investment Rating
--
Company Address
929 West Sprague Ave
Houston, TX 77092
Houston, TX 77092
Phone Number
(713) 529-0045
NAIC Number
85189
Website
Largest Affiliates