ATHENE LIFE INS CO OF NEW YORK
Major Rating Factors:
Weak overall results on stability tests (2.9 on a scale of 0 to 10) including potential financial drain due to affiliation with BRH Holdings GP Ltd, negative cash flow from operations for 2024 and weak results on operational trends. Strong capitalization (8.4) based on excellent risk adjusted capital (severe loss scenario). Capital levels have been relatively consistent over the last five years. High quality investment portfolio (7.0).
Other Rating Factors:
Excellent profitability (8.2) despite modest operating losses during 2021. Excellent Liquidity (9.7).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (59.9%), ind annuities (33.3%), other (6.8%)
Licensed in:
CT, FL, IL, IN, IA, KS, KY, MA, MI, MS, NV, NJ, NY, NC, PA, RI, 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
BRH Holdings GP Ltd
Investment Rating
--
Company Address
69 LYDECKER STREET
PEARL RIVER, NY 10965
PEARL RIVER, NY 10965
Phone Number
(800) 926-7599
NAIC Number
63932
Website
Largest Affiliates