Major Rating Factors:
Fair quality investment portfolio (4.7 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 69% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Fair overall results on stability tests (3.9). Good capitalization (6.2) based on good risk adjusted capital (severe loss scenario).
Other Rating Factors:
Good Liquidity (5.5). Excellent profitability (8.0) with operating gains in each of the last five years.
Stability Factors:
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (60.0%), group life (29.3%), other (10.7%)
Licensed in:
All states except DC, ME, 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
Directors Investment Group
Investment Rating
--
Company Address
6550 Directors Parkway
Abilene, TX 79606
Abilene, TX 79606
Phone Number
(325) 695-3412
NAIC Number
99775
Largest Affiliates