Major Rating Factors:
Fair overall results on stability tests (4.8 on a scale of 0 to 10). Fair profitability (4.3) with operating losses during 2022. Return on equity has been low, averaging 2.9%. Strong overall capitalization (9.6) based on excellent risk adjusted capital (severe loss scenario). Nevertheless, capital levels have fluctuated during prior years.
Other Rating Factors:
High quality investment portfolio (8.5). Excellent Liquidity (9.0).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
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
Assurant Inc
Investment Rating
Company Address
212 HIGHBRIDGE STREET SUITE D
NEW YORK, NY 10006
NEW YORK, NY 10006
Phone Number
(315) 637-4232
NAIC Number
81477
Website
Largest Affiliates