WILLIAM PENN ASSN
Major Rating Factors:
Weak Liquidity (2.2 on a scale of 0 to 10) based on large exposure to policies that are subject to policyholder withdrawals with minimal or no penalty. Weak overall results on stability tests (2.8) including excessive premium growth and negative cash flow from operations for 2024. Fair quality investment portfolio (4.4).
Other Rating Factors:
Good overall profitability (6.6). Strong capitalization (7.3) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (93.0%), other (7.0%)
Licensed in:
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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
None
Investment Rating
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Company Address
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Phone Number
(412) 231-2979
NAIC Number
57010
Website
Largest Affiliates
No affiliate information available.