Major Rating Factors:
Fair current capitalization (4.0 on a scale of 0 to 10) based on excellent risk adjusted capital (severe loss scenario) reflecting improvement over results in 2022. Fair Liquidity (4.8) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims or a run on policy withdrawals. Fair overall results on stability tests (4.0) including negative cash flow from operations for 2023.
Other Rating Factors:
Good quality investment portfolio (5.1). Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except 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
American International Group
Investment Rating
Company Address
2929 Allen Parkway
Houston, TX 77019
Houston, TX 77019
Phone Number
(713) 522-1111
NAIC Number
70238
Largest Affiliates