Major Rating Factors:
Good quality investment portfolio (5.0 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 Liquidity (6.0) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Weak overall results on stability tests (2.6) including fair financial strength of affiliated American National Group Inc, weak results on operational trends and negative cash flow from operations for 2023.
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.9) 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.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
CT, DE, ME, MD, MA, NH, NJ, NY, PA, RI, VT, VA, WV
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
American National Group Inc
Investment Rating
Company Address
344 ROUTE 9W
GLENMONT, NY 12077
GLENMONT, NY 12077
Phone Number
(409) 763-4661
NAIC Number
63126
Website
Largest Affiliates