Major Rating Factors:
Fair overall results on stability tests (3.6 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 8.4% of capital. Good overall profitability index (5.1) with operating gains in each of the last five years. Return on equity has been low, averaging 3.5% over the past five years. Strong long-term capitalization index (9.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.1) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (100.0%)
Licensed in:
AZ, CO, IA, KS, MN, MO, MT, ND, NE, OK, SD, WY
Principal Investments:
Common stock (59.2%), investment grade bonds (13.5%), preferred stock (2.0%), other (25.3%)
Corporate Info
Group Affiliation
NEBCO Inc
Investment Rating
--
Company Address
1010 Lincoln Mall
Lincoln, NE 68508
Lincoln, NE 68508
Phone Number
(402) 435-4302
NAIC Number
23264
Website
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