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 53% of capital. Weak profitability (1.7). Return on equity has been low, averaging -39.8%. 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:
Good capitalization (6.4) based on good risk adjusted capital (severe loss scenario). Good Liquidity (6.7).
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:
Ind annuities (11.4%), group annuities (0.1%), other (88.4%)
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
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