Major Rating Factors:
Fair quality investment portfolio (3.8 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Good overall profitability (5.5). Return on equity has been low, averaging 4.3%. Weak overall results on stability tests (2.7) including weak results on operational trends and negative cash flow from operations for 2024.
Other Rating Factors:
Strong capitalization (7.3) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (10.0).
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 (100.0%)
Licensed in:
KS, 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
NZC Capital LLC
Investment Rating
--
Company Address
350 Park Avenue 14th Floor
Albany, NY 12207
Albany, NY 12207
Phone Number
(800) 355-4570
NAIC Number
60084
Website
Largest Affiliates