Major Rating Factors:
Fair profitability (4.4 on a scale of 0 to 10). Fair overall results on stability tests (4.2) including negative cash flow from operations for 2023 and fair risk adjusted capital in prior years. Good quality investment portfolio (6.9) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds.
Other Rating Factors:
Good Liquidity (6.4). Strong overall capitalization (10.0) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
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
Brighthouse Financial Inc
Investment Rating
Company Address
200 Park Avenue
New York, NY 10017
New York, NY 10017
Phone Number
(212) 578-9500
NAIC Number
60992
Largest Affiliates