AAA LIFE INS CO OF NY
Major Rating Factors:
Fair overall results on stability tests (4.7 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2022. Fair Liquidity (4.3) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims. Weak profitability (1.4) with operating losses during 2022.
Other Rating Factors:
Strong capitalization (8.6) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (8.8).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
--
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
ACLI Acquisition Co
Investment Rating
--
Company Address
500 Mamaroneck Avenue STE 320
Garden City, NY 11530
Garden City, NY 11530
Phone Number
(844) 985-0592
NAIC Number
15282
Website
--
Largest Affiliates