Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10) including fair financial strength of affiliated AEGON USA Group, excessive premium growth and negative cash flow from operations for 2023. Good quality investment portfolio (5.3) 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. Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors:
Strong capitalization (7.5) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.0).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
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
AEGON USA Group
Investment Rating
Company Address
440 Mamaroneck Avenue
Harrison, NY 10528
Harrison, NY 10528
Phone Number
(914) 627-3630
NAIC Number
70688
Website
Largest Affiliates