Major Rating Factors:
Good overall profitability (6.8 on a scale of 0 to 10) despite operating losses during 2022. Return on equity has been fair, averaging 6.4%. Good Liquidity (5.2) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair quality investment portfolio (4.9).
Other Rating Factors:
Fair overall results on stability tests (4.5). Strong capitalization (7.0) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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 (89.2%), group annuities (3.5%), group health (0.9%), group life (0.3%), other (6.1%)
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
American International Group
Investment Rating
Company Address
175 Water Street
New York, NY 10005
New York, NY 10005
Phone Number
(713) 522-1111
NAIC Number
70106
Largest Affiliates
