Development 1
Major Rating Factors:
Weak profitability (0.5 on a scale of 0 to 10). Return on equity has been low, averaging -31.5%. Weak overall results on stability tests (0.1) including negative cash flow from operations for 2023 and weak results on operational trends. Good quality investment portfolio (5.7) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds.
Other Rating Factors:
Good Liquidity (6.6). Strong capitalization (9.8) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (100.0%)
Licensed in:
All states except CT, FL, MN, NH, NY, RI, SC, WY, 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
21st Century Life & Health Co Inc
Investment Rating
--
Company Address
8601 N Scottsdale Road Ste 300
Tempe, AZ 85284
Tempe, AZ 85284
Phone Number
(818) 887-4436
NAIC Number
91898
Largest Affiliates