Major Rating Factors:
Good quality investment portfolio (5.4 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 (6.9) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair overall results on stability tests (4.5) including fair financial strength of affiliated Prudential plc.
Other Rating Factors:
Fair profitability (3.9) with operating losses during 2022. Strong capitalization (9.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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 (99.7%), other (0.3%)
Licensed in:
DE, MI, 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
Prudential plc
Investment Rating
Company Address
2900 WESTCHESTER AVE STE 305
PURCHASE, NY 10577
PURCHASE, NY 10577
Phone Number
(517) 381-5500
NAIC Number
60140
Website
Largest Affiliates
