Major Rating Factors:
Good Liquidity (6.7 on a scale of 0 to 10) with sufficient resources to handle a spike in claims. Fair overall results on stability tests (4.0) including fair financial strength of affiliated Trustmark Group Inc and excessive premium growth. Weak profitability (1.9) with operating losses during 2024. Return on equity has been low, averaging -9.8%.
Other Rating Factors:
Strong capitalization (8.4) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (8.7).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
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
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Investments in Affiliates
Corporate Info
Group Affiliation
Trustmark Group Inc
Investment Rating
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Company Address
126 SOUTH SWAN STREET
ALBANY, NY 12210
ALBANY, NY 12210
Phone Number
(847) 615-1500
NAIC Number
13653
Largest Affiliates