Major Rating Factors:
Fair overall capitalization (4.0 on a scale of 0 to 10) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario). Nevertheless, capital levels have fluctuated during prior years. Weak overall results on stability tests (2.0) including weak financial strength of affiliated American National Group Inc, weak results on operational trends and negative cash flow from operations for 2023. Low quality investment portfolio (2.2).
Other Rating Factors:
Weak profitability (1.6) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak Liquidity (0.0).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
All states except ME, NH, NJ, 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
American National Group Inc
Investment Rating
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Company Address
ONE MOODY PLAZA
DALLAS, TX 75201
DALLAS, TX 75201
Phone Number
(513) 599-7500
NAIC Number
86355
Website
Largest Affiliates