Major Rating Factors:
Fair quality investment portfolio (4.0 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Fair overall results on stability tests (4.7) including excessive premium growth and fair risk adjusted capital in prior years. Good capitalization (5.4) based on good risk adjusted capital (moderate loss scenario).
Other Rating Factors:
Good Liquidity (5.5). Weak profitability (2.7) with operating losses during 2022.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (92.1%), group health (6.1%), group life (1.2%), other (0.5%)
Licensed in:
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
Sumitomo Life Ins Company
Investment Rating
--
Company Address
420 LEXINGTON AVE SUITE 300
NEW YORK, NY 10170
NEW YORK, NY 10170
Phone Number
(425) 256-8000
NAIC Number
78417
Website
Largest Affiliates