Major Rating Factors:
Fair profitability (3.8 on a scale of 0 to 10). Return on equity has been low, averaging 0.5%. Weak overall results on stability tests (2.9) including fair financial strength of affiliated Wheaton Management LLC and weak results on operational trends. Strong overall capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario). Nevertheless, capital levels have fluctuated during prior years.
Other Rating Factors:
High quality investment portfolio (9.2). Excellent Liquidity (8.3).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group life (100.0%)
Licensed in:
All states except MN, 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
Wheaton Management LLC
Investment Rating
--
Company Address
502 Court Street Suite 242
NEW YORK, NY 10038
NEW YORK, NY 10038
Phone Number
(973) 490-6600
NAIC Number
81442
Website
Largest Affiliates