Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10) including fair financial strength of affiliated Reservoir Capital Group LLC, excessive premium growth and fair risk adjusted capital in prior years. Fair quality investment portfolio (3.8) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Fair profitability (4.2).
Other Rating Factors:
Good capitalization (6.3) based on good risk adjusted capital (moderate loss scenario). Good Liquidity (6.7).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
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 (88.8%), ind health (3.3%), group life (1.3%), other (6.6%)
Licensed in:
All states except CA, CT, FL, ID, KS, LA, ME, MA
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
Reservoir Capital Group LLC
Investment Rating
--
Company Address
100 WEST 33RD STREET STE 1007
NEW YORK, NY 10119
NEW YORK, NY 10119
Phone Number
(212) 356-0300
NAIC Number
60176
Website
Largest Affiliates