Executive Corner

Theron R. Holladay, Sr., CFA - President and Chief Executive Officer

I would like to thank you for visiting our web site and taking time to learn about Parkway. This website was designed to introduce you to our team of insurance investment professionals and the business philosophy of Parkway. My desire is to create an atmosphere that embraces biblical principles while serving the insurance industry. Our mission statement, “to be the best most respected provider of service to the insurance industry” is something we stress in our daily interaction with clients. The only true way to serve an insurance company is to work first to understand the unique characteristics of the organization. This includes the products sold by the insurer, the unique history, the statutory financials, reserves, assets, team members and the regulatory environment. A detailed understanding of these client specific characteristics is paramount before an advisor can proceed to build surplus and reduce risk into the future. In addition, an advisor must be willing to work diligently to serve all parties that work for the insurance client. Parkway works to communicate with and understand the direction of client actuaries, auditors, accountants, management and other service providers.

With a focus to provide the best service to insurance clients, our performance is centered upon enhancements to book yield, surplus, RBC and net investment income. However, this is only one side of the equation. Our team spends as much time focused on risk reduction. For insurance companies the two main methods for reducing risk are:

1. Diversification as it pertains to the adjusted capital level of the company and any applicable reserves (IMR/AVR).

2. Structuring the investments considering the specific products sold by the insurer and the future cash needs of these products.