NIAGARA LIFE & HEALTH INS CO
Major Rating Factors:
Good Liquidity (6.9 on a scale of 0 to 10) with sufficient resources to handle a spike in claims. Fair overall results on stability tests (4.6) including negative cash flow from operations for 2023 and excessive premium growth. Weak profitability (2.7) with operating losses during the first nine months of 2024. Return on equity has been low, averaging -1.1%.
Other Rating Factors:
Strong capitalization (9.9) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (8.6).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
CT, NY
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
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Investments in Affiliates
Corporate Info
Group Affiliation
Blue Cross Blue Shield of S Carolina
Investment Rating
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Company Address
300 Corporate Parkway
Williamsville, NY 14221
Williamsville, NY 14221
Phone Number
(803) 735-1251
NAIC Number
12285
Website
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Largest Affiliates