Major Rating Factors:
Good quality investment portfolio (6.3 on a scale of 0 to 10) despite large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Good overall profitability (5.8). Return on equity has been fair, averaging 7.5%. Good Liquidity (6.7).
Other Rating Factors:
Fair overall results on stability tests (4.7). Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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 (68.6%), group life (7.6%), group health (6.7%), ind health (0.8%), ind annuities (0.7%), other (15.6%)
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
Prudential of America
Investment Rating
Company Address
751 BROAD STREET
NEWARK, NJ 07102
NEWARK, NJ 07102
Phone Number
(860) 534-8057
NAIC Number
68241
Website
Largest Affiliates
