C
FORTITUDE LIFE INS & ANNTY CO
PhoenixAZ
Rating Date
March 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair overall results on stability tests (3.9 on a scale of 0 to 10). Good quality investment portfolio (5.4) despite mixed results such as: minimal exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Good Liquidity (6.4) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors: Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.9) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Other (100%)
Licensed in: All states except 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
Prudential of America
Investment Rating
CG
Company Address
2929 N CENTRAL AVE STE 1700
PHOENIX, AZ 85012
Phone Number
(615) 981-8801
NAIC Number
86630
Largest Affiliates