A
TEACHERS INS & ANNUITY ASN OF AM
New York, NY
Data as of
September 30, 2020
NAIC
Classification
Life & Annuity
Risk Adjusted
Capital Ratio #1
3.63
Risk Adjusted
Capital Ratio #2
2.18
Total
Assets
321.95B
Capital
39.34B
Net
Premiums
13.45B
Net
Income
307.15M
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Major Rating Factors: Good quality investment portfolio (6.4 on a scale of 0 to 10) 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 liquidity (6.0) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Strong capitalization (8.8) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors: Excellent profitability (8.0) with operating gains in each of the last five years. Excellent overall results on stability tests (7.9) excellent operational trends and excellent risk diversification.
Stability Factors: I - Past results on our Investment Safety Index.
Principal Lines of Business: Group annuities (60.4%), ind annuities (38.2%), other (1.5%)
Licensed in: All states, the District of Columbia and Puerto Rico
Investments
Invested Assets
266.7B
Cash
0.13%
CMO & Structured Securities
22.03%
Other Investment Grade Bonds
43.13%
Non-Investment Grade Bonds
5.93%
Common & Preferred Stock
2.28%
Mortgages in Good Standing
12.16%
Non-Performing Mortgages
0.00%
Real Estate
1.38%
Other Investments
12.50%
Investments in Affiliates
11.16%
Corporate Info
Group Affiliation
TIAA
Investment Rating
--
Company Address
730 THIRD AVENUE
NEW YORK, NY 10017
Phone Number
(212) 490-9000
NAIC Number
69345
Largest Affiliates
B
NEW YORK, NY - L&A
Weiss Ratings