VENERABLE INS AND ANNTY CO
Major Rating Factors:
Fair current capitalization (4.0 on a scale of 0 to 10) based on good risk adjusted capital (severe loss scenario) reflecting some improvement over results in 2021. Fair quality investment portfolio (4.7) with significant exposure to mortgages . Mortgage default rate has been low. Good Liquidity (5.7).
Other Rating Factors:
Weak overall results on stability tests (2.4) including fair financial strength of affiliated Voya Financial Inc, weak results on operational trends and negative cash flow from operations for 2022. Weak profitability (2.7).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group life (26.7%), group annuities (10.4%), ind annuities (10.3%), other (52.6%)
Licensed in:
All states except NY, 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
Voya Financial Inc
Investment Rating
--
Company Address
909 LOCUST STREET
DES MOINES, IA 50309
DES MOINES, IA 50309
Phone Number
(610) 425-4310
NAIC Number
80942
Website
Largest Affiliates
