Major Rating Factors:
Good quality investment portfolio (5.3 on a scale of 0 to 10) despite substantial holdings of BBB bonds in addition to junk bond exposure equal to 80% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Good overall profitability (6.9). Return on equity has been excellent over the last five years averaging 26.6%. Good Liquidity (6.5).
Other Rating Factors:
Fair overall results on stability tests (4.6) including excessive premium growth. Strong capitalization (7.3) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group annuities (40.3%), group life (23.9%), group health (22.3%), ind health (2.1%), ind annuities (0.3%), other (11.1%)
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
MetLife Inc
Investment Rating
Company Address
200 Park Avenue
New York, NY 10166
New York, NY 10166
Phone Number
(212) 578-9000
NAIC Number
65978
Website
Largest Affiliates
