Major Rating Factors:
Fair overall results on stability tests (3.3 on a scale of 0 to 10) including fair risk adjusted capital in prior years. Low quality investment portfolio (2.6) containing substantial holdings of BBB bonds in addition to junk bond exposure equal to 56% of capital. Exposure to mortgages is large, but the mortgage default rate has been low. Weak profitability (1.6). Excellent expense controls.
Other Rating Factors:
Good capitalization (5.1) based on good risk adjusted capital (moderate loss scenario). Excellent Liquidity (7.5).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
Ind annuities (100.0%)
Licensed in:
All states except NY, VT, PR
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
Penn Mutual Life Ins Company
Investment Rating
--
Company Address
16479 Dallas Parkway Suite 850
DENVER, CO 80202
DENVER, CO 80202
Phone Number
(833) 656-7455
NAIC Number
68446
Website
Largest Affiliates