Major Rating Factors:
Fair quality investment portfolio (4.6 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 55% of capital. Weak profitability (0.9) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak overall results on stability tests (2.8) including weak results on operational trends and negative cash flow from operations for 2023.
Other Rating Factors:
Good capitalization (6.2) based on good risk adjusted capital (moderate loss scenario). Good Liquidity (5.9).
Stability Factors:
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 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
Wilton Re Holdings Ltd
Investment Rating
--
Company Address
800 WESTCHESTER AVE STE 641 N
RYE BROOK, NY 10573
RYE BROOK, NY 10573
Phone Number
(203) 762-4400
NAIC Number
60704
Website
Largest Affiliates