LINCOLN LIFE & ANNUITY CO OF NY
Major Rating Factors:
Good quality investment portfolio (6.2 on a scale of 0 to 10) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to small junk bond holdings. Good overall profitability (5.6). Return on equity has been low, averaging 4.7%. Good Liquidity (5.2).
Other Rating Factors:
Fair overall results on stability tests (4.9) including fair financial strength of affiliated Lincoln National Corp and negative cash flow from operations for 2022. Strong capitalization (8.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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:
Group annuities (47.9%), group health (23.1%), ind annuities (8.5%), group life (3.4%), other (17.1%)
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
Lincoln National Corp
Investment Rating
Company Address
100 Madison Street Suite 1860
Syracuse, NY 13202
Syracuse, NY 13202
Phone Number
(800) 444-2363
NAIC Number
62057
Website
Largest Affiliates
