Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including fair financial strength of affiliated Wheaton Management LLC and negative cash flow from operations for 2022. Fair profitability (4.0). Excellent expense controls. Return on equity has been low, averaging 0.8%. Strong capitalization (8.0) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (9.6). Excellent Liquidity (9.6).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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 MN, 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
Wheaton Management LLC
Investment Rating
--
Company Address
502 Court Street Suite 242
NEW YORK, NY 10038
NEW YORK, NY 10038
Phone Number
(973) 490-6600
NAIC Number
81442
Website
Largest Affiliates