A
AMERICAN FAMILY LIFE ASR CO OF NY
AlbanyNY
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Strong capitalization (10.0 on a scale of 0 to 10) based on excellent risk adjusted capital (severe loss scenario). Furthermore, this high level of risk adjusted capital has been consistently maintained over the last five years. High quality investment portfolio (7.9) despite no exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Excellent profitability (7.8) with operating gains in each of the last five years.
Other Rating Factors: Excellent Liquidity (7.4). Excellent overall results on stability tests (7.7) excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business: Ind health (85.7%), group health (7.2%), group life (3.3%), other (3.8%)
Licensed in: CT, MA, NJ, NY, ND, VT
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
AFLAC Inc
Investment Rating
AFL
Company Address
22 Corporate Woods Blvd Ste 2
Albany, NY 12211
Phone Number
(706) 243-8708
NAIC Number
60526
Largest Affiliates
Weiss Ratings