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