MASSMUTUAL ASCEND LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10) including fair financial strength of affiliated American Financial Group Inc. Fair quality investment portfolio (4.5) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Fair profitability (3.2) with operating losses during 2024.
Other Rating Factors:
Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (8.0).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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 (99.8%), other (0.2%)
Licensed in:
All states except NY, 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
American Financial Group Inc
Investment Rating
--
Company Address
301 East Fourth Street
Cincinnati, OH 45202
Cincinnati, OH 45202
Phone Number
(513) 361-9000
NAIC Number
63312
Website
Largest Affiliates