Major Rating Factors:
Good quality investment portfolio (6.3 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. Fair overall results on stability tests (4.9). Weak Liquidity (2.5) as a spike in claims or a run on policy withdrawals may stretch capacity.
Other Rating Factors:
Strong capitalization (7.5) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (7.3) despite modest operating losses during 2018 and 2019.
Stability Factors:
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (46.2%), group life (9.3%), other (44.4%)
Licensed in:
All states except 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
TIAA
Investment Rating
--
Company Address
730 THIRD AVENUE
NEW YORK, NY 10017
NEW YORK, NY 10017
Phone Number
(212) 490-9000
NAIC Number
60142
Website
Largest Affiliates
