Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10) including negative cash flow from operations for 2022. Good Liquidity (6.0) with sufficient resources to handle a spike in claims. Weak profitability (1.3) with operating losses during 2022. Return on equity has been low, averaging -22.4%.
Other Rating Factors:
Strong capitalization (7.5) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (7.1).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (97.7%), other (2.3%)
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