NASSAU LIFE INSURANCE CO
Major Rating Factors:
Weak profitability (2.8 on a scale of 0 to 10) with operating losses during 2024. Weak Liquidity (2.4) based on large exposure to policies that are subject to policyholder withdrawals with minimal or no penalty. Weak overall results on stability tests (1.7) including negative cash flow from operations for 2024.
Other Rating Factors:
Fair quality investment portfolio (4.6). Good overall capitalization (5.2) based on mixed results -- excessive policy leverage mitigated by good risk adjusted capital (moderate loss scenario).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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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
Nassau Reinsurance Group Holdings LP
Investment Rating
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Company Address
15 Tech Valley Drive
East Greenbush, NY 12061
East Greenbush, NY 12061
Phone Number
(860) 403-5000
NAIC Number
67814
Website
Largest Affiliates