Major Rating Factors:
Fair quality investment portfolio (4.8 on a scale of 0 to 10). Good Liquidity (5.3) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Weak profitability (1.8) with operating losses during 2022.
Other Rating Factors:
Weak overall results on stability tests (2.0) including weak results on operational trends and negative cash flow from operations for 2022. Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (29.1%), other (70.9%)
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
Penn Mutual Life Insurance Company
Investment Rating
--
Company Address
162 Prospect Hill Road
Brewster, NY 10509
Brewster, NY 10509
Phone Number
(860) 298-6000
NAIC Number
13588
Website
Largest Affiliates