Major Rating Factors:
Weak profitability (1.3 on a scale of 0 to 10) with operating losses during the first nine months of 2024. Weak overall results on stability tests (2.8) including weak results on operational trends and negative cash flow from operations for 2023. Good quality investment portfolio (6.9) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds.
Other Rating Factors:
Strong capitalization (8.9) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.3).
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY, VT, 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
Americo Life Inc
Investment Rating
--
Company Address
PO Box 139061
Dallas, TX 75313
Dallas, TX 75313
Phone Number
(816) 391-2000
NAIC Number
90212
Website
Largest Affiliates