ATHENE LIFE INS CO OF NEW YORK
Major Rating Factors:
Good quality investment portfolio (6.9 on a scale of 0 to 10) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good Liquidity (6.5) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Weak overall results on stability tests (2.7) including potential financial drain due to affiliation with BRH Holdings GP Ltd, 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 (8.4) 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, FL, IL, IN, IA, KS, KY, MA, MI, MS, NV, NJ, NY, NC, PA, RI, VT
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
BRH Holdings GP Ltd
Investment Rating
--
Company Address
69 LYDECKER STREET
PEARL RIVER, NY 10965
PEARL RIVER, NY 10965
Phone Number
(800) 926-7599
NAIC Number
63932
Website
Largest Affiliates