C
OPTIMUM RE INS CO
DallasTX
Data as of
September 30, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair overall results on stability tests (4.6 on a scale of 0 to 10) including negative cash flow from operations for 2021. 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. Weak profitability (2.4) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors: Strong capitalization (7.6) based on excellent risk adjusted capital (severe loss scenario). Excellent liquidity (7.0).
Stability Factors: F - Negative cash flow.
Principal Lines of Business: Ind health (3.0%), group health (0.6%), other (96.4%)
Licensed in: All states except NY
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
Optimum Group Inc
Investment Rating
--
Company Address
1345 River Bend Drive Ste 100
DALLAS, TX 75247
Phone Number
(214) 528-2020
NAIC Number
88099
Largest Affiliates
B
DALLAS, TX - L&A
Weiss Ratings