PARK AVENUE LIFE INS CO
Major Rating Factors:
Good quality investment portfolio (6.2 on a scale of 0 to 10) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Good Liquidity (6.5) with sufficient resources to handle a spike in claims. Good overall results on stability tests (6.3) despite negative cash flow from operations for 2022 good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (8.6) with operating gains in each of the last five years.
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:
Other (100%)
Licensed in:
All states except HI, NY, PR
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
Guardian Group
Investment Rating
--
Company Address
2711 CENTERVILLE ROAD STE 400
WILMINGTON, DE 19808
WILMINGTON, DE 19808
Phone Number
(866) 766-6599
NAIC Number
60003
Website
Largest Affiliates