Major Rating Factors:
Good quality investment portfolio (6.4 on a scale of 0 to 10) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Fair Liquidity (4.0) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims or a run on policy withdrawals. Fair overall results on stability tests (4.5).
Other Rating Factors:
Weak profitability (2.0) with operating losses during 2023. Strong capitalization (7.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
CT, NJ, 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
Mutual Of Omaha Group
Investment Rating
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Company Address
888 VETERANS MEM HWY STE 515
MELVILLE, NY 11747
MELVILLE, NY 11747
Phone Number
(402) 342-7600
NAIC Number
62243
Website
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Largest Affiliates