Major Rating Factors:
Low quality investment portfolio (2.7 on a scale of 0 to 10) containing substantial holdings of BBB bonds in addition to moderate junk bond exposure. Weak profitability (0.9) with operating losses during 2021. Return on equity has been low, averaging -137.7%. Weak overall results on stability tests (2.2) including weak risk adjusted capital in prior years.
Other Rating Factors:
Fair capitalization (3.2) based on fair risk adjusted capital (moderate loss scenario). 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
