Major Rating Factors:
Weak overall results on stability tests (2.8 on a scale of 0 to 10) including potential financial drain due to affiliation with FGL Holdings. Weak profitability (1.9) with operating losses during 2022. Return on equity has been low, averaging -3.7%. Fair quality investment portfolio (3.8).
Other Rating Factors:
Good Liquidity (6.2). Strong capitalization (7.6) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group annuities (76.8%), ind annuities (21.5%), other (1.7%)
Licensed in:
NY
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
FGL Holdings
Investment Rating
Company Address
445 Park Avenue 9th Floor
New York, NY 10017
New York, NY 10017
Phone Number
(866) 746-2624
NAIC Number
69434
Website
Largest Affiliates
