B
EMPOWER ANNUITY INSURANCE 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: Good overall profitability (6.3 on a scale of 0 to 10). Return on equity has been good over the last five years, averaging 10.3%. Fair overall results on stability tests (3.9) including fair financial strength of affiliated Prudential of America. Fair quality investment portfolio (4.8) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low.
Other Rating Factors: Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (10.0).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. I - Past results on our Investment Safety Index. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Group annuities (100.0%)
Licensed in: All states, the District of Columbia and Puerto Rico
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
Prudential of America
Investment Rating
--
Company Address
280 TRUMBULL STREET
HARTFORD, CT 06103
Phone Number
(855) 756-4738
NAIC Number
93629
Largest Affiliates
C
Greenwood Village, CO - L&A
C
Toronto, ON - L&A
C
Weiss Ratings