Major Rating Factors:
Good quality investment portfolio (6.0 on a scale of 0 to 10) despite large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Good Liquidity (6.7) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair profitability (4.0).
Other Rating Factors:
Fair overall results on stability tests (3.4) including weak results on operational trends. Strong capitalization (7.5) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (77.4%), group annuities (6.6%), ind health (0.2%), group health (0.1%), group life (0.1%), other (15.5%)
Licensed in:
All states, the District of Columbia and Puerto Rico
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
AXA Financial Inc
Investment Rating
Company Address
1290 Avenue of the Americas
New York, NY 10104
New York, NY 10104
Phone Number
(212) 554-1234
NAIC Number
62944
Website
Largest Affiliates
