CORPORATE SOLUTIONS LIFE REINS CO
Major Rating Factors:
Fair quality investment portfolio (4.2 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Weak overall results on stability tests (2.8) including fair financial strength of affiliated AXA Financial Inc and weak results on operational trends, negative cash flow from operations for 2021. Weak profitability (1.8) with operating losses during the first six months of 2022.
Other Rating Factors:
Weak liquidity (1.7). Strong capitalization (7.3) 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.
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:
Group annuities (52.4%), ind annuities (47.6%)
Licensed in:
All states except FL, 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
AXA Financial Inc
Investment Rating
--
Company Address
2711 Centerville Rd Ste 400
Wilmington, DE 19801
Wilmington, DE 19801
Phone Number
(610) 249-9531
NAIC Number
68365
Website
Largest Affiliates
