Major Rating Factors:
Fair quality investment portfolio (4.8 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 51% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Fair overall results on stability tests (3.7) including negative cash flow from operations for 2023. Good capitalization (6.1) based on good risk adjusted capital (moderate loss scenario).
Other Rating Factors:
Good Liquidity (6.5). Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves.
Stability Factors:
F - Negative cash flow.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states, the District of Columbia and Puerto Rico
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
Voya Financial Inc
Investment Rating
Company Address
ONE ORANGE WAY
WINDSOR, CT 06095
WINDSOR, CT 06095
Phone Number
(860) 580-4646
NAIC Number
86509
Website
Largest Affiliates