Major Rating Factors:
Fair overall results on stability tests (3.4 on a scale of 0 to 10). Good quality investment portfolio (5.4) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Good Liquidity (6.2) with sufficient resources to cover a large increase in policy surrenders.
Other Rating Factors:
Weak profitability (1.9) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (8.1) 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 annuities (13.6%), other (86.4%)
Licensed in:
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
Penn Mutual Life Insurance Company
Investment Rating
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Company Address
162 Prospect Hill Road
Brewster, NY 10509
Brewster, NY 10509
Phone Number
(215) 956-8000
NAIC Number
13588
Website
Largest Affiliates