Major Rating Factors:
Fair overall results on stability tests (3.4 on a scale of 0 to 10) including fair financial strength of affiliated SNA Capital LLC and negative cash flow from operations for 2022. Good quality investment portfolio (6.2) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but no exposure to junk bonds. Good Liquidity (6.8).
Other Rating Factors:
Weak profitability (2.2) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (8.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Credit life (2.5%), credit health (1.4%), other (96.1%)
Licensed in:
DE, 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
SNA Capital LLC
Investment Rating
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Company Address
411 Fifth Avenue 5th Floor
New York, NY 10014
New York, NY 10014
Phone Number
(877) 249-1966
NAIC Number
79340
Website
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Largest Affiliates