VANTIS LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including fair financial strength of affiliated Penn Mutual Life Insurance Company, weak results on operational trends and negative cash flow from operations for 2024. Fair quality investment portfolio (4.6) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Fair profitability (4.9).
Other Rating Factors:
Good Liquidity (6.0). Strong capitalization (9.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (53.1%), group life (7.6%), other (39.3%)
Licensed in:
All states except NY, 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
Penn Mutual Life Insurance Company
Investment Rating
--
Company Address
200 Day Hill Road
WILMINGTON, DE 19801
WILMINGTON, DE 19801
Phone Number
(215) 956-8000
NAIC Number
68632
Website
Largest Affiliates