PURITAN LIFE INS CO
Major Rating Factors:
Fair overall capitalization (4.0 on a scale of 0 to 10) based on mixed results -- excessive policy leverage mitigated by fair risk adjusted capital (severe loss scenario). Low quality investment portfolio (2.0). Weak profitability (2.3) with operating losses during 2022. Return on equity has been low, averaging -3.6%.
Other Rating Factors:
Weak overall results on stability tests (2.9). Excellent Liquidity (9.1).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
AZ, TX
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
Verde Investments Inc
Investment Rating
--
Company Address
701 Brazos Street Suite 720
Scottsdale, AZ 85253
Scottsdale, AZ 85253
Phone Number
(602) 385-3629
NAIC Number
68071
Largest Affiliates