Hard to say.
It was expected since they re-insured all of their life insurance holdings with another company. They took a lump sum amount of cash instead of the future payments on the policies.
Frustrating because here we go again, late on the 10-K. Hope we don't have to wait until September to get the 10-K again. It's pretty pathetic, actually.
I'll be more interested in the 1st quarter report, due in May. That will show how much interest there has been in their new MYGA product. I am expecting at least $1,000,000 in MYGA sales. Anything less will be disappointing. Q2, at least double that.
Just my opinions. They have a lot of work to do.
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