Major Rating Factors:
Fair overall results on stability tests (3.3 on a scale of 0 to 10) including fair financial strength of affiliated AEGON USA Group, excessive premium growth and negative cash flow from operations for 2024. Good quality investment portfolio (5.3) despite significant exposure to mortgages . Mortgage default rate has been low. large holdings of BBB rated bonds in addition to small junk bond holdings. Good overall profitability (5.7).
Other Rating Factors:
Strong capitalization (7.6) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (9.5).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group annuities (90.9%), ind annuities (2.8%), ind health (2.2%), group life (0.6%), other (3.5%)
Licensed in:
All states except 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
AEGON USA Group
Investment Rating
--
Company Address
440 Mamaroneck Avenue
Harrison, NY 10528
Harrison, NY 10528
Phone Number
(914) 627-3630
NAIC Number
70688
Website
Largest Affiliates