Major Rating Factors:
Poor current capitalization (0.6 on a scale of 0 to 10) based on weak risk adjusted capital (moderate loss scenario), although results have slipped from the fair range during the last year. Low quality investment portfolio (2.6) containing substantial holdings of BBB bonds in addition to significant exposure to junk bonds. Weak profitability (1.0) with operating losses during the first three months of 2022.
Other Rating Factors:
Weak overall results on stability tests (0.9) including weak risk adjusted capital in prior years. Excellent liquidity (8.1).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind health (79.5%), group health (20.5%)
Licensed in:
NY
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
Lifetime Healthcare Inc
Investment Rating
--
Company Address
165 Court Street
Rochester, NY 14647
Rochester, NY 14647
Phone Number
(585) 238-4351
NAIC Number
83437
Website
Largest Affiliates
