Major Rating Factors:
Good current capitalization (6.8 on a scale of 0 to 10) based on good risk adjusted capital (severe loss scenario), although results have slipped from the excellent range over the last year. Good overall results on stability tests (5.4) despite negative cash flow from operations for 2022. Strengths include good financial support from affiliation with NZC Capital LLC, good operational trends and excellent risk diversification. Fair quality investment portfolio (3.3).
Other Rating Factors:
Fair profitability (3.3). Excellent Liquidity (9.1).
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
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