Major Rating Factors:
Good quality investment portfolio (5.8 on a scale of 0 to 10) despite mixed results such as: large holdings of BBB rated bonds but moderate junk bond exposure. Fair overall results on stability tests (4.1) including negative cash flow from operations for 2022. Weak profitability (2.9) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors:
Weak Liquidity (2.1). Strong capitalization (7.1) 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.
L - Past results on our liquidity tests.
Principal Lines of Business:
Ind annuities (2.5%), group annuities (0.5%), group life (0.2%), group health (0.1%), other (96.7%)
Licensed in:
All states, the District of Columbia and Puerto Rico
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
Dai-ichi Life Holdings Inc
Investment Rating
--
Company Address
5788 WIDEWATERS PARKWAY 2ND FL
SYRACUSE, NY 13214
SYRACUSE, NY 13214
Phone Number
(800) 487-6669
NAIC Number
66370
Website
Largest Affiliates