Major Rating Factors:
Good quality investment portfolio (6.3 on a scale of 0 to 10) despite large holdings of BBB rated bonds in addition to junk bond exposure equal to 52% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Good Liquidity (6.1) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair overall results on stability tests (4.9).
Other Rating Factors:
Weak profitability (2.0) with operating losses during 2023. Strong capitalization (9.3) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
I - Past results on our Investment Safety Index.
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
TIAA
Investment Rating
--
Company Address
730 THIRD AVENUE
NEW YORK, NY 10017
NEW YORK, NY 10017
Phone Number
(212) 490-9000
NAIC Number
69345
Website
Largest Affiliates