Major Rating Factors:
Weak profitability (1.4 on a scale of 0 to 10) with operating losses during 2022. Return on equity has been low, averaging -59.2%. Weak overall results on stability tests (0.5) including weak risk adjusted capital in prior years. Fair capitalization for the current period (4.0) based on fair risk adjusted capital (moderate loss scenario) reflecting some improvement over results in 2019.
Other Rating Factors:
Fair quality investment portfolio (3.3). Excellent Liquidity (9.1).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
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