SECURITY MUTUAL LIFE INS CO OF NY
Major Rating Factors:
Good capitalization (5.8 on a scale of 0 to 10) based on good risk adjusted capital (moderate loss scenario). Good quality investment portfolio (5.9) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Good overall profitability (5.4) despite operating losses during 2024.
Other Rating Factors:
Weak Liquidity (0.6). Weak overall results on stability tests (2.9).
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (10.9%), other (89.1%)
Licensed in:
All states except 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
None
Investment Rating
--
Company Address
100 COURT STREET
BINGHAMTON, NY 13901
BINGHAMTON, NY 13901
Phone Number
(607) 723-3551
NAIC Number
68772
Website
Largest Affiliates
No affiliate information available.