Major Rating Factors:
Good quality investment portfolio (6.7 on a scale of 0 to 10) despite substantial holdings of BBB bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Good overall profitability (6.9). Good Liquidity (5.7).
Other Rating Factors:
Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario). Excellent overall results on stability tests (7.0) excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Group annuities (31.5%), group life (13.6%), ind annuities (2.1%), ind health (2.0%), group health (1.1%), other (49.7%)
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
New York Life Group
Investment Rating
--
Company Address
51 MADISON AVENUE
NEW YORK, NY 10010
NEW YORK, NY 10010
Phone Number
(212) 576-7000
NAIC Number
66915
Website
Largest Affiliates
