Major Rating Factors:
Fair quality investment portfolio (4.8 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Weak overall results on stability tests (2.9) including weak financial strength of affiliated SILAC LLC, negative cash flow from operations for 2023 and weak results on operational trends. Weak profitability (2.0) with operating losses during the first nine months of 2024.
Other Rating Factors:
Strong capitalization (8.4) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (9.3).
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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except CT, MI, NH, NJ, NY, RI, VT, WI, 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
SILAC LLC
Investment Rating
--
Company Address
10201 N ILLINOIS ST SUITE 280
CARMEL, IN 46290
CARMEL, IN 46290
Phone Number
(317) 208-2200
NAIC Number
89184
Website
Largest Affiliates