Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10). Good quality investment portfolio (5.7) despite mixed results such as: minimal exposure to mortgages and substantial holdings of BBB bonds but minimal holdings in junk bonds. Good Liquidity (6.0) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors:
Weak profitability (2.9). Strong overall capitalization (8.3) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario).
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
MI, 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
Manulife Financial Group
Investment Rating
Company Address
100 Summit Lake Drive 2nd Fl
Valhalla, NY 10595
Valhalla, NY 10595
Phone Number
(914) 773-0708
NAIC Number
86375
Website
Largest Affiliates
