Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10) including negative cash flow from operations for 2024. Weak profitability (1.9) with operating losses during 2024. Return on equity has been low, averaging -6.1%. Strong capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario). Moreover, capital levels have been consistently high over the last five years.
Other Rating Factors:
High quality investment portfolio (8.4). Excellent Liquidity (7.4).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 ME, NY, PR
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
New York Life Group
Investment Rating
--
Company Address
14850 N SCOTTSDALE RD STE 400
PHOENIX, AZ 85016
PHOENIX, AZ 85016
Phone Number
(212) 576-7000
NAIC Number
81353
Website
Largest Affiliates