A
TEACHERS INS & ANNUITY ASN OF AM
Data as of
December 31, 2020
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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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 (60.7%), ind annuities (38.2%), other (1.2%)
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
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