NASSAU LIFE INSURANCE CO
Major Rating Factors:
Weak profitability (2.0 on a scale of 0 to 10) with operating losses during the first nine months of 2024. Weak Liquidity (2.5) as a spike in claims or a run on policy withdrawals may stretch capacity. Weak overall results on stability tests (0.9) including negative cash flow from operations for 2023.
Other Rating Factors:
Fair capitalization (4.3) based on fair risk adjusted capital (moderate loss scenario). Fair quality investment portfolio (3.4).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
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
Nassau Reinsurance Group Holdings LP
Investment Rating
--
Company Address
15 Tech Valley Drive
East Greenbush, NY 12061
East Greenbush, NY 12061
Phone Number
(860) 403-5000
NAIC Number
67814
Website
Largest Affiliates