Major Rating Factors:
Good quality investment portfolio (5.6 on a scale of 0 to 10) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to small junk bond holdings. Fair overall results on stability tests (4.5). Strong capitalization (7.5) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent profitability (7.7). Excellent Liquidity (7.2).
Stability Factors:
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 (91.4%), group annuities (6.1%), other (2.5%)
Licensed in:
All states except NY, PR
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
Prudential plc
Investment Rating
Company Address
1 CORPORATE WAY
LANSING, MI 48951
LANSING, MI 48951
Phone Number
(517) 381-5500
NAIC Number
65056
Website
Largest Affiliates
