Major Rating Factors:
Fair quality investment portfolio (3.7 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 77% of capital. Fair profitability (3.2). Excellent expense controls. Return on equity has been low, averaging 0.9%. Fair overall results on stability tests (4.5) including negative cash flow from operations for 2022 and fair risk adjusted capital in prior years.
Other Rating Factors:
Good capitalization (5.5) based on good risk adjusted capital (moderate loss scenario). Good Liquidity (6.1).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
I - Past results on our Investment Safety Index.
Principal Lines of Business:
Ind health (84.5%), group health (4.9%), ind annuities (0.7%), group annuities (0.3%), other (9.6%)
Licensed in:
CT, DC, DE, FL, IL, NJ, NY, RI, VA
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
Genworth Financial
Investment Rating
Company Address
600 THIRD AVENUE SUITE 2400
NEW YORK, NY 10016
NEW YORK, NY 10016
Phone Number
(212) 895-4137
NAIC Number
72990
Website
Largest Affiliates
