A
SHELTERPOINT LIFE INS CO
Rating Date
December 2023
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: Strong capitalization (8.8 on a scale of 0 to 10) based on excellent risk adjusted capital (severe loss scenario). Furthermore, this high level of risk adjusted capital has been consistently maintained over the last five years. High quality investment portfolio (7.5) despite no exposure to mortgages and substantial holdings of BBB bonds but minimal holdings in junk bonds. Excellent profitability (8.7) with operating gains in each of the last five years.
Other Rating Factors: Excellent Liquidity (7.7). Excellent overall results on stability tests (7.3) excellent operational trends and excellent risk diversification.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business: Group health (99.7%), group life (0.3%)
Licensed in: CO, CT, DC, DE, FL, IL, MD, MA, MI, MN, NJ, NY, NC, PA, RI, SC, TN
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
ShelterPoint Group Inc
Investment Rating
--
Company Address
600 NORTHERN BLVD
GREAT NECK, NY 11530
Phone Number
(516) 829-8100
NAIC Number
81434
Largest Affiliates
B
WEST PALM BEACH, FL - L&A
Weiss Ratings