PURITAN LIFE INS CO OF AMERICA
Major Rating Factors:
Fair overall results on stability tests (4.3 on a scale of 0 to 10) including excessive premium growth. Good quality investment portfolio (6.4) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Weak profitability (2.0) with operating losses during the first nine months of 2024.
Other Rating Factors:
Strong capitalization (7.8) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.1).
Stability Factors:
G - Fast asset or premium growth.
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 except AK, DC, DE, ME, MA, NJ, NY, SC, VT, VA, 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
Verde Capital Partners LLC
Investment Rating
--
Company Address
701 Brazos Street Suite 720
Scottsdale, AZ 85251
Scottsdale, AZ 85251
Phone Number
(888) 474-9519
NAIC Number
71390
Largest Affiliates