Major Rating Factors:
Good quality investment portfolio (6.3 on a scale of 0 to 10) despite large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Good Liquidity (6.1) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Strong capitalization (9.1) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent profitability (8.4) despite operating losses during 2022. 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 (62.6%), ind annuities (36.3%), other (1.1%)
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
NEW YORK, NY 10017
Phone Number
(212) 490-9000
NAIC Number
69345
Website
Largest Affiliates
