EMPOWER LIFE & ANNTY INS CO NY
Major Rating Factors:
Fair quality investment portfolio (4.8 on a scale of 0 to 10) with significant exposure to mortgages . Mortgage default rate has been low. Fair Liquidity (3.2) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims or a run on policy withdrawals. Fair overall results on stability tests (3.5).
Other Rating Factors:
Weak profitability (1.7) with operating losses during 2022. Strong capitalization (7.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group annuities (99.9%)
Licensed in:
CO, IL, 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
Great West Life Asr
Investment Rating
--
Company Address
489 5th Avenue 28th Floor
New York, NY 10017
New York, NY 10017
Phone Number
(855) 756-4738
NAIC Number
79359
Website
Largest Affiliates
