WILLIAM PENN LIFE INS CO OF NEW YORK
Major Rating Factors:
Weak overall results on stability tests (2.5 on a scale of 0 to 10) including potential financial drain due to affiliation with Legal & General America Inc. Good quality investment portfolio (5.7) despite mixed results such as: large holdings of BBB rated bonds but moderate junk bond exposure. Strong capitalization (9.3) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent profitability (8.0) with operating gains in each of the last five years. Excellent Liquidity (9.9).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group annuities (62.4%), ind health (0.6%), other (37.0%)
Licensed in:
All states except CA, HI, MA, MN, NV, VA, WA, 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
Legal & General America Inc
Investment Rating
--
Company Address
70 EAST SUNRISE HWY STE 500
VALLEY STREAM, NY 11581
VALLEY STREAM, NY 11581
Phone Number
(301) 279-4800
NAIC Number
66230
Website
Largest Affiliates