DELAWARE LIFE INS CO OF NEW YORK
Major Rating Factors:
Fair overall results on stability tests (3.9 on a scale of 0 to 10) including fair financial strength of affiliated Delaware Life Partners LLC. 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. Good Liquidity (6.9).
Other Rating Factors:
Weak profitability (2.5) with operating losses during 2022. Strong capitalization (8.9) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (95.9%), group life (0.7%), other (3.5%)
Licensed in:
CT, NY, RI