Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including negative cash flow from operations for 2023. Good quality investment portfolio (5.9) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but no exposure to junk bonds. Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors:
Strong capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.1).
Stability Factors:
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:
Other (100%)
Licensed in:
All states except 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
AXA Financial Inc
Investment Rating
Company Address
3030 N Third Street Suite 790
Phoenix, AZ 85012
Phoenix, AZ 85012
Phone Number
(212) 554-1234
NAIC Number
78077
Website
Largest Affiliates