Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Fair overall results on stability tests (3.9) including weak results on operational trends. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (8.9) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 10.8%. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except MI
Principal Investments:
Investment grade bonds (83.4%), non investment grade bonds (1.0%), cash (0.3%), other (15.4%)
Corporate Info
Group Affiliation
Verde Investments Inc
Investment Rating
--
Company Address
5430 LBJ Freeway
Dallas, TX 75240
Dallas, TX 75240
Phone Number
(602) 730-7046
NAIC Number
22250
Website
Largest Affiliates