B
PRUDENTIAL INS CO OF AMERICA
Newark, NJ
Data as of
September 30, 2020
NAIC
Classification
Life & Annuity
Risk Adjusted
Capital Ratio #1
1.62
Risk Adjusted
Capital Ratio #2
1.16
Total
Assets
307.25B
Capital
12.16B
Net
Premiums
17.36B
Net
Income
332.06M
Loading...
Major Rating Factors: Good overall results on stability tests (5.8 on a scale of 0 to 10). Stability strengths include good operational trends and excellent risk diversification. Good quality investment portfolio (6.5) 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 (6.7).
Other Rating Factors: Good liquidity (6.8). 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.
Principal Lines of Business: Group annuities (62.5%), group life (8.6%), group health (4.7%), ind annuities (3.9%), ind health (0.7%), other (19.6%)
Licensed in: All states, the District of Columbia and Puerto Rico
Investments
Invested Assets
138.6B
Cash
0.28%
CMO & Structured Securities
16.93%
Other Investment Grade Bonds
47.89%
Non-Investment Grade Bonds
3.52%
Common & Preferred Stock
5.37%
Mortgages in Good Standing
15.45%
Non-Performing Mortgages
0.01%
Real Estate
0.38%
Other Investments
7.00%
Investments in Affiliates
9.39%
Corporate Info
Group Affiliation
Prudential of America
Investment Rating
PRU
Company Address
751 BROAD STREET
NEWARK, NJ 07102
Phone Number
(877) 301-1212
NAIC Number
68241
Largest Affiliates
Weiss Ratings