Major Rating Factors:
Good quality investment portfolio (6.5 on a scale of 0 to 10) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Good Liquidity (6.7) with sufficient resources to handle a spike in claims. Fair overall results on stability tests (3.9) including fair financial strength of affiliated SNA Capital LLC and negative cash flow from operations for 2023.
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (8.4) 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:
Other (100%)
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
--
Company Address
411 Fifth Avenue 5th Floor
New York, NY 10014
New York, NY 10014
Phone Number
(877) 249-1966
NAIC Number
79340
Website
--
Largest Affiliates